Poseidon Offshore permit map
Poseidon has initiated studies on an area of approximately 20,000 sq. km located both in onshore and offshore.
The Indian embassy in Abidjan, which handles New Delhi’s affairs with Guinea, wrote a letter to mines minister Abdoulaye Magassouba to complain about pressure being brought to bear on Jaguar Overseas.
In this letter dated Feb. 12, 2016, Andrey Ilyin, finance director of EuroChem, a Russian group that controls Lifosa, announces that the Lithuanian company will no longer import the ore from Western Sahara. (PDF, 1 page)
The ban had been decided by the transitional government in Burkina Faso. It had accused Pan African Minerals of failing to comply with the terms of its mining license and said the license for Tambao was granted in opaque conditions. (2 pages, in French)