Guinea gives stern warning to foreign mining firms over inequality

The country is the world's second biggest producer of bauxite

Guinea’s military junta has told foreign mining companies they must share profits equally with the country, and must comply with a deadline set for May to present plans to build local refineries.

The West African nation is the second biggest producer of bauxite – a mineral used in the manufacture of aluminium – and wants to benefit more from the post-mining process of turning the raw material into alumina.

In a statement posted to Facebook, the presidency said a more equitable partnership with foreign firms was a “win-win”.

If the end of May deadline is not met, Guinea’s leader Mamady Doumbouya has also reportedly said penalties will follow.

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