2 hours ago 13 minutes ago
Thomas Naadi,BBC Africaand Hafsa Khalil
Bloomberg via Getty Images
Guinea's president wants to boost the system by exporting refined gold
Guinea has banned the export of unrefined golden successful an effort to beforehand home processing of the precious metal.
The argumentation - effectual instantly - comes aft Guinea's President Mamadi Doumbouya met concern and artisanal golden producers and buyers, and aims to boost the system and make much jobs.
"Guinea volition present necessitate its golden to beryllium processed wrong its ain borders. Raw golden volition nary longer permission Guinea," helium said, adding that different countries person been reaping the economical benefits of processing and trading their earthy materials.
Other African nations person taken akin steps to summation home processing and worth summation successful the mining assemblage successful caller years.
In Tanzania and Uganda, the export of unprocessed minerals and metals specified arsenic golden and copper is already banned, portion Ghana is acceptable to prohibition earthy golden exports by 2030.
Africa's apical lithium producer, Zimbabwe, has banned ore exports of the metallic utilized to marque batteries from 2027.
Gold is 1 of Guinea's main exports, shipping much than 22 tonnes of the metallic successful the archetypal 4th of this year, according to the authorities.
A caller refinery is adjacent completion successful the capital, Conakry, wherever the country's golden volition beryllium sent earlier processing and export. It has a reported capableness of 250 tonnes a twelvemonth truthful should beryllium capable to grip the country's existent production.
Foreign companies operating successful the state person been warned that they hazard losing their licenses and having their mining contracts terminated if they interruption the directive.
Guinea is besides the world's largest shaper of bauxite, utilized to marque aluminium.
More BBC stories connected Guinea
Getty Images/BBC
English (US)·