the interim government of Guinea asked international mining companies to present plans to process raw bauxite in the country by May 2022
The interim government of Guinea, the world’s second-largest bauxite producer, asked international mining companies to present plans to process raw bauxite in the country by May 2022.”Despite the mining boom in the bauxite sector, we have to admit that the expected revenues are below expectations, and you and we cannot continue this game of fools that perpetuates great inequality in our relations” Interim President, Colonel Doumbouya said. The government also warned that foreign companies that violate the refinery construction plans deadlines will be penalized. With an estimated 7.4 billion tons, Guinea has the world’s largest reserves of bauxite, a mineral used in the manufacture of aluminum, which is essential for the automotive and food industries. It is also the second-largest producer. China imports about half of its bauxite needs from Guinea. Last year, we shared the poor living conditions of Guineans, despite the richness and exportation of its raw natural resources. Col Doumbouya seized power from President Alpha Condé late last year, citing they wanted to end rampant corruption, human rights abuses, and mismanagement.