Warnings to foreign mining companies for inequality are issued by Guinea.

Warnings to foreign mining companies for inequality are issued by Guinea.

Synopsis

Foreign mining corporations have been instructed by Guinea's military junta that they must share revenues equally with the country and meet a May deadline to show plans to build local refineries.

Warnings to foreign mining companies for inequality are issued by Guinea.
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Foreign mining corporations have been instructed by Guinea’s military junta that they must share revenues equally with the country and meet a May deadline to show plans to build local refineries.

The West African country is the world’s second-largest producer of bauxite, a mineral needed to make aluminium, and it wants to reap greater benefits from the post-mining process of converting the raw material into alumina.

The White House said in a statement on Facebook that a more fair relationship with foreign corporations was a “win-win.”

Guinea’s leader, Mamady Doumbouya, has reportedly stated that if the deadline of the end of May is not met, consequences will be imposed.

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