Will junta respond to IMF concerns over fiscal transparency in mining sector?
Prior to the coup that toppled Alpha Condé, the government had been actively engaged in responding to the IMF, which had expressed reservations over the reliability of the tax declarations of mining companies active in Guinea, and of Chinese operators in particular. [...]
Unpanicked by coup, mining groups start planning for transition
The ousting of President Alpha Condé by Col Mamady Doumbouya has not, as yet, affected the country's mining operations. In company headquarters, mining executives are waiting for the junta's next moves and making plans to manage the transition. [...]
Dynamic Mining to use Monaco Resources staff for its bauxite mine
India's Dynamic Mining has just hired the former operations manager of Monaco Resources' subsidiary SBG, not long after it also hired its infrastructure planner, in the hope that its Bon Ami bauxite mine will soon be operational. [...]
Dynamic Mining awaits banks' green light to finalise bauxite finance plan
The Indian firm is in advanced discussions with three banks to finance the debt portion of the $150m needed to move its Bon Ami bauxite mine in Guinea into production. Its majority shareholder is meanwhile prospecting elsewhere. [...]