Guinea Talks Carbon Tax on Mines as It Seeks $4.3 Billion Loans
- Government studying modalities by which tax can be introduced
- West African nation among world’s biggest producers of bauxite
Guinea is among the world’s top producers of bauxite, a raw material used to produce aluminum.
Photographer: Waldo Swiegers/Bloomberg
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Guinea is planning to introduce a carbon tax on mining companies as it started talks with United Arab Emirates investors to raise $4.3 billion to fund development projects.
The government is studying the modalities of implementing such a tax to defray the cost of emissions and removal of vegetative cover by mining firms, Prime Minister Bernard Goumou said during an investor forum organized by the West African nation in Dubai on Thursday.