Talks with government hamper SPIC's bauxite beginning
China's SPIC International & Development (Guinea) Co has not been able to start bauxite production trials on its Coliah site.
The Guinea government has decided to review all existing mining contracts in the country to detect - and flush out - any tax exemption inconsistences. Its previous review cost Beny Steinmetz's company its rights to the Simandou iron ore mine.
The Banque de Developpement de Guinee (BDG), 75% owned by Asian funds and directed by Malaysians, is racking up precious metals projects in Guinea. The bank's directors also have their own companies in the sector, operating under the protection of