Guinea authorities, Thursday August 3, gave August 31 ultimatum to mining companies operating in the country to repatriate at least 50 per cent of their revenues from exports. The warning came from the ministry of Mining and Geology, citing articles of the Guinea’s mining Code. When you take goods with you, those goods are used as currency to buy the other goods we import. There are companies other than mining companies. We have called on the players in a friendly manner, to tell the mining companies that we want to have a clearer picture of this situation by August 31, and that export earnings should be repatriated, not at 100%, but at 50%.

Source: The North Africa Journal August 04, 2023 22:51 UTC