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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe construction of bauxite refineries in Guinea is at odds with the state and the mining companies. The Council of Ministers meeting on Thursday, June 9, noted the end of the moratorium granted in early April to aluminum ore miners by President Mamadi Doumbouya, without any of them having submitted plans to transform production in the country.
"As a result, the President of the Transition has instructed the Minister of Mines and Geology to notify the companies concerned that, as of the receipt of the letter that will be sent to them, they will be required to submit their plans for the transformation of production in the country.Consequently, "the President of the Transition has instructed the Minister of Mines and Geology to inform the companies concerned that, from the moment they receive the letter that will be sent to them, they have a period of 10 days in which to submit their timetable," said a government press release issued on June 10. Guinea is home to the world's largest bauxite reserves and is the second largest producer of the mineral, which is essential for aluminum production. However, the country does not process the raw material and therefore cannot take advantage of the benefits linked to this stage of the value chain.
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