• Quran Recitation
    Sun, 3:30 am - 6:00 am
    [ - ]

Radio Islam Logo

((( Listen Live )))))
Radio Islam Logo

Guinea Warns Foreign Mining Firms to Share Profits Equally

Apr 10, 2022


Umm Muhammed Umar

Guinea’s military junta has told foreign mining companies they must share profits equally with the West African nation. It has also set a May deadline for plans to build local refineries to be presented.

Guinea’s leader, Mamady Doumbouya, a military officer serving as the interim president of Guinea since October 2021, has also reportedly said penalties would be imposed on those not meeting the end May deadline.

According to the BBC, the West African nation is the second biggest producer of bauxite, which is used in the manufacture of aluminium. Guinea reportedly intends to gain greater benefit from the process of turning bauxite into alumina, with the presidency having posted on Facebook that “a more equitable partnership with foreign firms was a win-win”.


Prime Spot!!!


Related Articles

BRICS Leaders Discuss Cost of Living & Ukraine War Effects

BRICS Leaders Discuss Cost of Living & Ukraine War Effects

By Umamah Bakharia The world's top five emerging economies said they backed talks between Ukraine and Russia as it ends its two-day summit discussing the war and economic recoveries. Beijing has been hosting a virtual forum of the BRIC nations: Brazil, Russia, India,...

read more
Zimbabwe Introduces Gold Coins To Curb Inflation

Zimbabwe Introduces Gold Coins To Curb Inflation

Written by Umamah Bakharia Zimbabwe is set to introduce gold coins that will enable investors to store value weighing the country as inflation spirals out of control and the local currency continues to rapidly devalue against major currencies. The move comes after...

read more

Subscribe to our Newsletter


Submit a Comment

Your email address will not be published.