Luxembourg, 20 January 2022 – Metalcorp Group S.A., a global service provider for the procurement, production, mining and marketing of metals and minerals, here with states its position on media reports suggesting that the mining operations of the Guinea bauxite subsidiary Société des Bauxites de Guinée (SBG) have been halted. This is incorrect – SBG’s mining operations have never been halted. There was a preliminary proceeding initiated by a supplier whose appointment was cancelled by SBG due to the supplier’s non fulfilment of its contractual obligations. This preliminary proceeding was cancelled in favour of SBG by the Appeal Court of Conakry, Guinea on 4 January 2022. This had no economic impact on either SBG or Metalcorp.
Metalcorp looks forward to publishing its preliminary full year 2021 results on 27 January 2022.
About Metalcorp Group S.A.:
Metalcorp Group is a diversified global service provider in the metals and minerals industry including procurement, marketing, mining and processing of such products. The company’s divisions are aluminium, metals and concentrates, bulk and ferrous. Metalcorp Group carries out a risk averse back-to-back business model underpinned by a significant asset base. The 2021/2026 bond (ISIN: DE000A3KRAP3) and the 2017/2022 bond (ISIN: DE000A19MDV0) are traded on the Open Market of Deutsche Börse AG (“Freiverkehr” of the Frankfurt Stock Exchange), while the 2017/2022 bond (ISIN: NO0010795701) is traded on the Oslo Stock Exchange.
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