Three-party deal reached on Guinea bauxite
Nov 01, 2005 | 09:25 AM
| David Brooks
The controversy over the rights of Global Alumina Ltd., New York, to receive bauxite concessions in the Republic of Guinea has been resolved with a three-way agreement between the government, Global Alumina and mining group Compagnie des Bauxites de GuinÃ©e SA (CBG).Halco (Mining) Inc., the Guinea government's partner in CBG, had disputed the government's right to award concessions to Global, claiming that the concessions were covered by CBG's long-standing basic agreement which runs through 2038.....
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