Guinea will take 35% of all projects under new mining code

Guinea’s parliament has cleared the way for the government to raise its shareholding in mining projects to 35% and has also raised customs duty to 8% from 5% after adopting the revised mining code

Parliament unanimously agreed to the revised code, which Guinea says is also expected to bring transparency to the West African country’s mining sector.
The government can now have as much as a 35% shareholding in mining projects.

Guinea previously had an automatic 15% stake in mining projects. It now has the option to...

Published

Felix Njini

September 12, 2011

17:05 GMT

Windhoek