Guinea: CBG-02

Date Filed
02 Mar 2026
Status
Open
Phase
Assessment
Country
Guinea

Case Tracker

Eligibility
April 20, 2026-June 09, 2026
Eligibility
Assessment
Status as of June 15, 2026
Assessment
Dispute Resolution
Compliance
CURRENT Status
Assessment
Status as of June 15, 2026

Complaint Overview

Complainant

Former employees of CBG

Concerns

Abrupt contract terminations, coercive settlement practices

Cross-Cutting Issues
Labor

Project Information

Region
Africa
Institution
IFC/MIGA
Name & Number
IFC Project No. 34203
Company
Compagnie des Bauxites de Guinée SA (CBG)
Sector
Mining, Oil, Gas and Chemicals
Category
A
Commitment

Loan up to US$200 million

Synopsis

Project Overview

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.

Complaint

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.

Action

In June 2026, CAO found the complaint eligible and initiated an assessment. 

Status

The case is under assessment.

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