Guinea coup, page-50

The Junta met with Mining representatives yesterday. From all accounts its business as usual with no impact on operations. A good sign for companies such as Lindian. The shareprice is recovering from recent lows. Ignore the recent down rampers messages of gloom and doom.

Extracts from the press:

Doumouya called on representatives of mining companies to build factories in Guinea and process bauxite locally instead of exporting it raw, which will give Guineans jobs. The junta leader also reassured mining investors of their safety and the safety of mining sites.

On their part, the representatives of the mining sector were happy to have been allowed to continue operations following the September 5 coup.

"We discussed the difficulties we face on the mining sites, the challenges and opportunities in the mining sector that the Guinean people expect following discussions with the CNRD," said Doumbia Ismael, the Operations Head of SARL Group Guinea, told CGTN's Désiré Kanon.

"The CNRD officials have reassured us a lot and we are proud of this. It must be said that this coup d'état is the first in Guinea after which we have continued our activities. We are leaving reassured by the new Guinean authorities," he added.

The President of the Guinea Employers' Association, Cherif Abdallah, who also attended the meeting, promised to work with the new regime to create a good working environment in the mining sector.