< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 3 sources · 7 days · First seen · Last updated

Mining sustainability audits in Mozambique and Guinea

Overview

Mining operations in Mozambique and Guinea are undergoing various sustainability and performance assessments. In Mozambique, Syrah Resources Limited’s Balama graphite mine is scheduled for an independent third-party follow-up audit by SCS Global Services in late 2026 to assess alignment with the Initiative for Responsible Mining Assurance (IRMA) criteria.

Separately, Gemfields Group Limited’s Montepuez Ruby Mine (MRM) in Mozambique is facing financial difficulties due to weak ruby grades, which led to a $125.2 million impairment despite increased ore production. The mine is currently in discussions with banks regarding potential refinancing. Additionally, KPMG PRI is scheduled to conduct an on-site assessment of the Montepuez Ruby Mine in November 2026 to evaluate its performance against IRMA standards through stakeholder feedback.

In Guinea, the Compagnie des Bauxites de Guinée (CBG) has maintained its certification under the Aluminium Stewardship Initiative (ASI) Performance Standard V2 following a surveillance audit in June 2026. This certification covers the Sangarédi mine, associated railway and processing facilities, and port operations.

Entities

SCS Global Services · Gemfields Group Limited · Compagnie des Bauxites de Guinée · Initiative for Responsible Mining Assurance · Montepuez Ruby Mine

Timeline

  1. about 21 hours ago

    [BUSINESS] 2 sources
    Montepuez Ruby Mine faces financial pressure and upcoming audit

    Gemfields’ Montepuez Ruby Mine in Mozambique faces financial pressure from weak ruby grades, while KPMG PRI prepares an independent responsible mining audit for November 2026.

  2. 7 days ago

    [BUSINESS] 2 sources
    Mining operations in Mozambique and Guinea undergo sustainability audits

    Mining operations in Mozambique and Guinea receive updates on sustainability compliance, with Syrah Resources facing an upcoming IRMA audit and CBG maintaining its ASI certification.

Sources

guinee7.com · miningmx.com · responsiblemining.net