Tuesday, 25 Jan 2011
The West African state's new president, Mr Alpha Conde told Radio France International on Monday that Guinea is seeking to raise its stake in mining projects to at least 33%.
Mr Conde during an interview said that "There will be three to five difficult months, since we've decided not to renegotiate contracts but instead to define a new mining policy that will give Guinea at least a third.”
Guinea is the world's largest exporter of the aluminum ore bauxite and its iron ore deposits have drawn billions of dollars in planned investments from the world's top mining companies, including Rio Tinto and Vale.
A top mining official told Reuters on Monday Guinea's current mining policy calls for a state stake of at least 15%. (Sourced from Thomson Reuters)
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment