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Guinea

Guinea

Population: 12.39 mn.
GDP: $8.2 bn.
Debt: $1.37 bn.

news from Guinea

Category: all

Found 134 articles.

Displaying 41-50 out of 134 results.

Miners get bad reviews

Beny Steinmetz Resource Group and Rusal are in the government’s sights as it prepares to publish its review of the major mining contracts

A review of Guinea’s biggest mining contracts due this month will raise new questions about the future of the US$10 billion Simandou iron-ore project. The report will also test the...


Sam with a plan

The fog around Samuel Mebiame is clearing. His signature appears,along with those of ministers Mohamed Lamine Fofana and KerfallaYansané, on the controversial loan Guinea took from...


A new battle to control the mines

The collapse of an opaque scheme to set up a multi-billion dollar national mining company prompts recriminations in Conakry and South Africa

The Guinean government’s decision this week to shut down a bid by South African businessmen who wield high-level political connections, to run its national mining company follows g...


The Italian job

A favourite of the old regime risks losing his property fortune under the new one

Guido Santullo grew rich on government business while his patron Lansana Conté was President of Guinea. Now, the government has requisitioned his property complex and he threatens ...


Condé looks East and West

Rivalries among conglomerates – Western and Chinese – intensify as the President looks for development funds

Multinational corporations and anti-corruption activists are jockeying for influence in Conakry as President Alpha Condé talks to the China Development Bank about finance for a US$...


The gamble for Simandou

Brazilian mining conglomerate Vale is keeping its operations under close review, after threatening to sell its investments in Guinea last month. After tough talks with its minority partner and President Alpha Condé’s government, Vale has for now pulled back from the brink. Yet it still has grave misgivings about the terms and conditions of a project in which it may have to invest as much as US$10 billion for a stake in one of the world’s richest iron-ore mines.

The financial firm JP Morgan estimates that Simandou’s Vale-controlled blocks can produce 50 mn. tonnes of ore annually by 2020. That compares favourably with the output of South ...


Displaying 41-50 out of 134 results.