Guinea cancels 129 exploration permits, further tightening control
Guinea's military government has cancelled 129 minerals exploration permits, it said in a statement late on Monday, as the West African nation tightens control over its assets.
A senior official at the Ministry of Mines said the decision was taken to free unused resources for other investors.
"We've simplified it by digitising the whole system, which can now be better controlled," the official told Reuters, speaking on condition of anonymity.
It wasn't immediately clear whether any significant investments would be affected by the move.
A second Guinean ministry official said most of the cancelled permits were to identify gold deposits and that the assets had been returned to the state.
Guinea this month retracted 51 mining licenses that were being underutilised or hadn't begun operating. Those licenses concerned bauxite, gold, diamond, graphite and iron concessions.
It had previously moved to withdraw bauxite licences belonging to Kebo Energy SA and Emirates Global Aluminium.
Guinea is home to the world's largest reserves of bauxite, the main ore used to produce aluminium. China is a major operator in the country.
The effort to improve control over its resources comes as other military regimes in Niger, Mali and Burkina Faso have also cracked down on foreign miners and sought to boost revenue from production.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation