A DELICATE SITUATION FOR GUINEA’S MINING SECTOR

A SUCCESSFUL coup d’etat in Guinea earlier this month has sent shockwaves through the mining industry, with the nation a significant player in the global aluminium, bauxite, and iron ore markets. President Alpha Condé was removed from office on September 5th by military forces, led by Mamady Doumbouya. The coup, which has been condemned by most major governments including the United Nations, initially sparked concerns that Guinea’s export of bulk minerals would be disrupted following the closure of the nation’s borders. However, borders were quickly re-opened by Doumbouya’s transitional government, who assured mining companies operating within Guinea under existing agreements will be honoured.