Emirates mining company challenges Guinea licence withdrawal |
Mining company Axis International said Monday it was seeking World Bank arbitration against Guinea for withdrawing its right to operate a major bauxite mine in the west African country.
Guinea, which has been run by a junta since a coup in 2021, has cancelled dozens of licences for international and domestic companies mining bauxite, gold, iron ore or diamonds over recent months.
Axis International, which is headquartered in the United Arab Emirates, had operated Guinea's second-biggest bauxite mine with estimated reserves of more than 800 million tonnes........