Guinea Halts Raw Gold Exports, Seeks Local Refining
6 Articles
6 Articles
The President of Guinea banned the export of raw gold produced in the country's mines and imposed local refining, announcing at the same time the forthcoming entry into service of the Nimba Gold Refinery, presented as a major industrial project in the gold sector.
Guinea bans exports of raw gold to boost local refining
Guinea has banned the export of unrefined gold in an effort to promote domestic processing of the precious metal. The policy – effective immediately – comes after Guinea’s President Mamadi Doumbouya met industrial and artisanal gold producers and buyers, and aims to boost the economy and create more jobs. “Guinea will now require its gold to be processed within its own borders. Raw gold will no longer leave Guinea,” he said, adding that other co…
Guinea halts raw gold exports, seeks local refining
Guinea has banned the export of raw gold in an effort to raise domestic processing of metals, Africa-focused business news site Ecofin Agency reported Monday. President Mamadi Doumbouya announced the... The post Guinea halts raw gold exports, seeks local refining appeared first on The Northern Miner.
CONAKRY – The President of the Republic, Mamadi Doumbouya, met this Friday with the leaders of the mining companies operating in the gold mining industry in Guinea. On this occasion, the Head of State announced a major turning point in the national mining policy: the forthcoming ban on the export of raw gold and the obligation to refine all
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