A decree released Wednesday evening on public television indicates that the leader of the junta in power in Guinea, General Mamadi Doumbouya, has withdrawn their operating permits from dozens of mining companies.

The withdrawal of permits concerns about fifty mining titles held by several dozen companies active in the exploitation of, in particular, bauxite, gold, diamond and graphite, according to the decree read on national television RTG. According to Oumar Totiya Barry, a researcher on the mining sector, “most of the companies concerned were not developing or exploiting the concessions that had been awarded to them

President Doumbouya withdrew the license on 9 May from two local mining companies, Guiter Mining and Kebo Energy SA. The day before, he had ordered the withdrawal of permits from mining companies that are not in compliance with the country's mining code, without further details.

Guinea has abundant natural resources such as bauxite, iron, gold and diamonds in its subsoil. But the benefits of their exploitation are notoriously inequitable, benefiting companies largely and few benefiting the population. According to experts, the lack of investments in the development of a local economic fabric, the lack of essential infrastructures such as roads, corruption known to be endemic or even the shortcomings of the texts in force are some of