Guinea

Guinea

Population: 11.8 mn.
GDP: 6.2 bn.
Debt: 3.1 bn.
Overview:

After last year's elections, politics moves from the streets to the People's Palace. So far President Alpha Condé, who will seek re-election in 2015, has made no move to reconcile with the opposition. The Simandou iron-ore court case drags on but Rio Tinto and its Chinese partners may make progress on their part.   


news from Guinea

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Found 86 articles.

Displaying 1-10 out of 86 results.

  • Vol 55 No 19
  •  26th September 2014

Never give it up

Tycoon Beny Steinmetz is using every device he can to contest the Conakry government's decision to take away his iron-ore mining licence. Steinmetz, who is under investigation, along with his Beny Steinmetz Group Resources (BSGR), now claims President Alp...

  • Vol 55 No 17
  •  29th August 2014

Capital flight

A storm broke over President Alpha Condé's government after Senegalese customs seized US$8 million in US dollar and euro banknotes from a small aircraft that had flown from Conakry to Dakar on 8 August. Hours later, the money was allowed to continu...

  • Vol 55 No 9
  •  1st May 2014

Rio's grand suit

No sooner had the Guinean government cancelled the licences of Beny Steinmetz and Brazil's Vale for the Simandou iron ore deposit than Rio Tinto sued them in New York. The claim for 'compensatory, consequential, exemplary and punitive' damages also names ...

  • Vol 55 No 8
  •  18th April 2014

Beny fights on

If the Guinean government cancels the licences of the Beny Steinmetz Group Resources to exploit Blocks 1 and 2 of the Simandou iron-ore reserves, the BSGR will continue its legal fight to reverse the decision, a source close to the company told Africa Con...

  • Vol 55 No 7
  •  4th April 2014

Condé tests Steinmetz

This month, ministers in Conakry are due to announce a landmark decision on the future of the world's biggest iron ore reserves

  • Vol 55 No 3
  •  7th February 2014

Condé's house clearance

President Alpha Condé’s 21 January reshuffle removed politicians left over from the days of General Lansana Conté, although Naby Youssouf Kiridi Bangoura remains Presidency Secretary General. Nanténin Chérif Konaté...

  • Vol 55 No 2
  •  24th January 2014

Reform gives way to politics

Convening Parliament might take debate off the streets but it won’t heal divisions. A weak metals markets will delay resolution of mining disputes

  • Vol 54 No 21
  •  18th October 2013

Troubled polls favour Condé

The general elections look to have saved the President’s skin by providing no overall winner but the opposition is crying foul

  • Vol 54 No 14
  •  5th July 2013

Dodgy dialogue

The UN-sponsored mediation between the bitterly opposed parties over elections proceeds in fits and starts, much like the mining situation

  • Vol 54 No 14
  •  5th July 2013

Keeping Simandou on track

The key missing element in the Simandou project is not good will but a strong market for steel and finance to support the Trans-Guinea Railway

Displaying 1-10 out of 86 results.