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Vol 4 (AAC) No 4

Published 1st February 2011


Guinea

Minding the mines

President Condé called off mining contract reviews but will move to take a one-third share of all mining projects

Mining investors are bracing for a long battle. On 24 January, new President Alpha Condé backtracked on promises to review mining contracts, saying that the government would instead review policy for future deals and increase its stake in current projects. He pointed to several difficult months of negotiations ahead to increase the government’s stake to 33%.

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