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Guinea

Guinea

Population: 12.0 mn.
GDP: $6.77 bn.
Debt: $1.20 bn.
Overview:

2015 is election year and President Alpha Condé has much to do to prove that he merits a second term. Campaigning is going to be hard and dirty – and likely along ethno-political lines. Ebola will recede further but the mining sector will not realise its full potential.

news from Guinea

Category: all

Found 113 articles.

Displaying 1-10 out of 113 results.

Massacre? Moi?

January saw the birth of a new party – Forces patriotiques pour la démocratie et le développement (FPDD). The similarity to the name the last military junta gave itself, the Consei...


A dream deferred

The economic slowdown, low steel demand and law suits block the development of the world’s largest iron ore deposit

Potential can be a heavy burden. That is the feeling in Conakry as President Alpha Condé and his advisors watch the prospects of economic development financed by minerals re...


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, alo...


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 ...


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 fo...


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 f...


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

Beny Steinmetz, the Israeli billionaire whose stake in Guinea's giant Simandou iron ore deposit is in dispute, is having a bad year. Last month, Beny Steinmetz Group Resources rece...


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 remain...


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

Guinea completed the transition to democracy late last year, when it confirmed its first elected National Assembly in over a decade (AC Vol 54 No 21, Troubled polls favour Cond&eac...


New plans for Simandou

After China Power's alumina refinery deal in September, Chinalco and Rio Tinto plan to start production at the giant iron-ore mine

China Power Investment, which plans to build an alumina refinery at Boffa in western Guinea, is on the verge of succeeding where many other companies have failed or given up. A dea...


Displaying 1-10 out of 113 results.