Compagnie des Bauxites de Guinee (DFC-2016-COMPAGNIEDESB)

Countries
  • Guinea
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Compagnie des Bauxites de Guinee
The holder of the loan, grant, or other investment.
Sectors
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 795.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020


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Project Description

The Compagnie des Bauxites de Guinee (“CBG”) expansion project (the “Project”) will expand the largest bauxite mining operation in Guinea from 13.5 million metric tons to 18.5
million metric tons and have a substantial development impact on the Guinean economy. CBG is the single largest contributor of revenues for the country and the expansion Project is
expected to bring significant additional revenue to the Government of Guinea. CBG is also a key driver of employment in the Boke region of Guinea, with over 2,400 permanent employees. The Project will increase this amount by an additional 1,300 employees during construction and over 230 permanent employees during operations.

Investment Description
  • US International Development Finance Corporation (DFC)
Contact Information

No contact information provided at the time of disclosure