- The Guinean military ruler, Moussa Dadis Camara has ordered all mining companies to provide work plans in the mining sector or risk losing their contracts in the West African state.
The government strict rules follows the recent closure of the giant gold producer AngloGold Ashanti after its senior official failed to show up at the president’s meeting discussing the sector’s challenges. But the mine was later opened after discussions with the president.
President Camara urged mining companies that are currently installing equipment and improving their mining facilities to provide a clear structure of their plans in the industry.
“If you do not respect your commitments, we are simply going to cancel your contract because we shall not accept that mining companies come to freeze our resources,” Mr Camara said.
The government on 14 January announced the establishment of the committee to examine and revise all mining agreements in the country.
Guinea, is the world’s fourth- largest producer of bauxite, an ore used in the production of aluminum, after Australia, Brazil and China.
Mr Camara led a faction of Guinea’s military that seized power on 23 December, a day after the death of President Lansana Conte, who ruled the West African country for more than two decades.
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