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MINING INDABA 2012: Guinea starts mining code overhaul, minister says

February 07, 2012 - 14:22 GMT Location: Cape Town

KEYWORDS: Guinea , mining code , overhaul , Mining Indaba , bauxite

Guinea has started an overhaul of its mining code in a bid to ensure its people benefit from the development of its mining industry, the country’s mining minister, Mohamed Lamine Fofana, told delegates at the Mining Indaba conference in Cape Town on Tuesday February 7.

Fofona said the revision of the code centred around five key reforms and that all mining companies active in the West African nation would be affected. The reforms include the creation of a new mining code and of state-owned mining companies, an audit of existing companies operating in Guinea, a revision of current mining agreements and...

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