Guinea gives stern warning to foreign mining firms over inequality

0
49

Guinea’s military junta has told foreign mining companies they must share profits equally with the country, and must comply with a deadline set for May to present plans to build local refineries.

The West African nation is the second biggest producer of bauxite – a mineral used in the manufacture of aluminium – and wants to benefit more from the post-mining process of turning the raw material into alumina.

In a statement posted to Facebook the presidency said a more equitable partnership with foreign firms was a “win-win”.

READ ALSO: 2023 Presidency: Despite Demands By Ohanaeze, Southeast Aspirants Weakest In PDP Ticket Race

If the end of May deadline is not met, Guinea’s leader Mamady Doumbouya has also reportedly said penalties will follow.

Watch Leakblast TV channel from around the world

Call Us: +234(0)8080859239

Get us on Whatsapp: +234(0)8181166425

SUPPORT LEAKBLAST JOURNALISM OF INTEGRITY AND CREDIBILITY

Good  journalism costs a lot of money.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble Endeavor.

By contributing to LeakBlast, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Support LeakBlast

LEAVE A REPLY

Please enter your comment!
Please enter your name here