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The ruling Guinean military junta's determination to increase revenues from its bauxite and iron ore resources could hit China's efforts to make inroads into the West African nation.
Despite assurances that the military would respect "existing regulations, contracts and investments" after Alpha Conde was removed as president in a coup in September, Guinea has been exerting more pressure on foreign mining firms. Most recently, it ordered foreign companies to construct local bauxite refineries an...
>>> Read more: Guinea's military rulers pressure Chinese and other foreign companies to pay more mining royalties
Despite assurances that the military would respect "existing regulations, contracts and investments" after Alpha Conde was removed as president in a coup in September, Guinea has been exerting more pressure on foreign mining firms. Most recently, it ordered foreign companies to construct local bauxite refineries an...
>>> Read more: Guinea's military rulers pressure Chinese and other foreign companies to pay more mining royalties
