Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Guinea’s New Minw Code To Keep Companies Profitable, Fofa

Guinea’s mining code amendment will be business friendly and allow bauxite producers to compete internationally, Mines Minister Mohamed Lamine Fofana said.

The country consulted with companies on amendments to the 2011 law to ensure producers are profitable even though Guinea is further from China, the biggest market, than rival producer Indonesia, Fofana said today in an interview in Cape Town. The new code will be submitted to parliament by Feb. 15, he said.

“Our vision today is to really create a good business environment for all the companies so that there is no doubt and no more uncertainty,” the minister said.

The biggest exporter of bauxite, used to make aluminum, is also home to iron ore and gold projects run by companies such as Rio Tinto Group and Vale SA. Mining makes up 80 percent of the West African nation’s foreign currency inflows, Fofana says.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.