Guinea has officially revoked the bauxite mining concession granted to Kebo Energy SA, citing the company’s failure to meet its investment commitments, according to a statement aired on state television.
The cancellation was confirmed late Friday through a decree issued by junta leader Mamady Doumbouya, who took control in a 2021 coup. A senior mining official in Guinea verified the revocation of the concession.
Sources familiar with Kebo Energy SA revealed the company was unable to secure the necessary funding for the project, which included the construction of an alumina refinery. Attempts to reach a spokesperson from Kebo Energy SA for comment were unsuccessful.
This move comes after Guinea’s government last week took steps to revoke a mining license held by Emirates Global Aluminium (EGA) for similar reasons—failing to fulfill its commitment to build an alumina refinery. Additionally, Guinea has cancelled a gold mining permit previously awarded to Guiter Mining SA, as per the same announcement.
In recent years, military-led governments in Guinea, Mali, Niger, and Burkina Faso have sought to amend mining laws and contracts following their takeovers in coups. In some instances, these governments have detained mining executives, halted operations, and seized products to secure greater control and revenue from their countries’ mineral resources.
