Guinea: CBG-02
Case Tracker
Complaint Overview
Former employees of CBG
Abrupt contract terminations, coercive settlement practices
Project Information
Loan up to US$200 million
Synopsis
IFC has an active project with Compagnie des Bauxites de Guinée (CBG) to support the expansion of the Sangaredi bauxite mine, processing plant, and related infrastructure through a senior debt facility. CBG is 49% owned by the Government of Guinea and 51% owned by Halco Mining Inc., a consortium of aluminum producers including Alcoa, Rio Tinto, and Dadco.
In March 2026, CAO received complaints submitted by eight former expatriate employees of CBG who were engaged through Boké Services Management, Inc. The complaints raised concerns related to abrupt and procedurally deficient contract terminations, coercive settlement practices, and broader non-compliance with IFC Performance Standards, particularly PS1 on Assessment and Management of Environmental and Social Risks and Impacts and PS2 on Labor and Working Conditions.
In June 2026, CAO found the complaint eligible and initiated an assessment.
The case is under assessment.