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Guinea: Can a raw gold export ban build a refining industry?

Guinea: Can a raw gold export ban build a refining industry?

By GhanaSummary NewsroomPan-Africa

Building internationally competitive refineries requires years of investment, technical expertise, reliable electricity and efficient logisticsBy preserving producers’ exposure to international market prices, the government aims to ensure that domestic refining does not undermine the economics of mining operations.

Therefore, the manner in which Guinea conducts this process will be closely watched by investors, as it will signal whether the country can pursue ambitious industrial objectives while maintaining the legal certainty that underpins long-term mining investment.

Alongside industrial mining companies, thousands of artisanal and semi-industrial producers depend on established commercial networks that have historically exported unrefined gold.

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