GIC claims guinea Bauxite deal
Guinea International Corp (GIC), led by former Mining Minister in Guinea, Ahmed Kanté, is claiming it has signed a settlement agreement with the authorities to secure access to the country’s second largest bauxite mining complex.
However, despite the mine being at a standstill since April 2025 when a production stoppage order was issued by the financial crimes court, the Cour de Répression des Infractions Économiques et Financières (CRIEF), at the end of December 2025 Kanté presided over a ceremony marking the resumption of GIC’s activities “on the instructions of President Mamadi Doumbouya.”
This news appears surprising, given that legal proceedings could still be ongoing between the former government official and the public prosecutor’s office, and Fatoumata Lorcy, widow of one of Kanté’s partners in the mining project, Claude Lorcy. Indeed, in early September 2025, CRIEF overturned a first instance ruling acquitting Kanté, instead referring the case back to the examining chamber and charging the former minister with breach of trust.
Local reports state that SiOver 20 million tonnes of bauxite was exported in 2024, with GIC generating 19.7 million tonnes and SD Mining up to five million tonnes. This export activity means it was the second largest bauxite mining complex in Guinea, behind the 55 million tonnes exported by Société Minière de Boké (SMB).
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