Mines Minister Mohamed Lamine Fofana said that Guinea which held its first democratic transfer of power last year, has started revising its mining laws in an effort to ensure its people benefit from the nation’s mineral wealth.
Mr Lamine Fofana said that “The revision of the act has started. It is nearing the stage of validation and this will be done in consultation with labor unions and other interested parties.”
Guinea holds as much as half of the world’s bauxite, used to make aluminum, more than 4 billion tonnes of high grade iron ore and significant deposits of diamonds and gold.
（Sourced from Bloomberg）
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