IRIN Africa | GUINEA: Winners and losers in Guinea's bauxite industry | Guine... - 0 views
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GUINEA: Winners and losers in Guinea’s bauxite industry
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“Rather than making people richer, mining has made them poorer,” said Akoumba Diallo, a mining sector researcher. “It polluted their environments so they can’t grow crops or let animals feed near mining sites. And it is hard to get water anywhere because it’s contaminated.” With mining contributing to 85 percent of the country’s external revenue, and the World Bank estimating investments of up to US$20 billion in bauxite mining in Guinea over the next decade, the government is currently rewriting and renegotiating its mining contracts - unchanged for 25 years - with 15 companies to ensure Guineans are more likely to benefit from the wealth they spawn.
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Mining companies are legally obliged to pay taxes to owners of the land they mine,
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