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Guinea 'eases up' on mining tax demands in amended code
February 12, 2013 - 16:40 GMT
Guinea will ‘ease up’ on tax demands from mining companies in its amended mining code, which will be presented to the country’s Parliament in a matter of weeks, Guinea's mines and geology minister said on Monday February 11.
Guinea’s mines and geology minister Mohamed
Lamine Fofana said that the new version of the 2011 mining code
would be presented to parliament for ratification in the coming
weeks. The West African country’s parliament
approved a mining code allowing the state to take shareholdings
of up to 35% in mining projects in September 2011.
Guinea withdrew its 2011 mining code after meeting
opposition from miners. The iron ore...
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