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Guinea 'eases up' on mining tax demands in amended code

February 12, 2013 - 16:40 GMT Location: Windhoek

KEYWORDS: Guinea , Lamine Fofana , mining code , bauxite , iron ore

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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