Ver Angola

Raw Materials

Bauxite Angola calls shareholders to analyze debt and prospecting in Guinea-Bissau

The mining company Bauxite Angola called the shareholders to an extraordinary general meeting on 2 December to analyze the company's debts, sale of Sonangol shares and prospects in Guinea-Bissau and Guinea-Conakry.

: Fazry Ismail/Epa
Fazry Ismail/Epa  

The agenda includes the status of workers' salaries, which have been outstanding for several years, the sale of Sonangol's shares, debts incurred as part of the activities carried out and the current situation of prospecting securities in both countries.

Bauxite Angola is a mixed company under Angolan law, created to carry out mining operations and investment in various areas, and since September 2007 has held mining rights over bauxite deposits in Guinea-Bissau.

In April 2018, the then second vice-president of the Angolan parliament, Higino Carneiro (today accused of embezzlement and harmful management of public goods), announced his intention to resume bauxite exploration projects in Guinea-Bissau, at the end of a meeting with the then Guinean head of state, José Mário Vaz.

Higino Carneiro said he had expressed Angola's interest in "continuing to develop the projects," which began in 2007 with the signing of the bilateral cooperation agreement, at which time Angola brought two companies to Guinea Bissau to develop activities in mining, agriculture and industry.

The bauxite exploration project in Guinea-Bissau was budgeted at over a billion dollars, but cooperation between the two countries was suspended in April 2012, following a military coup in Bissau, which led to the forced withdrawal of the contingent of the Angolan army stationed in Guinea-Bissau, Missang.

Bauxite Angola also has unpaid wages to 140 workers, a debt that, at least until 2018, was not paid.

Permita anúncios no nosso site

×

Parece que está a utilizar um bloqueador de anúncios
Utilizamos a publicidade para podermos oferecer-lhe notícias diariamente.