Guinea revoked the licenses of 46 mining companies operating

On May 15, 2025, Guinea revoked the licenses of 46 mining companies operating in the country to mine bauxite, gold, diamonds, and graphite. The revoked licenses belong primarily to small, low-performing companies, rather than to the major producers in Guinea's mining sector, which is dominated by large international corporations. Guinea revoked mining licenses primarily because the companies failed to meet their legal and contractual obligations, including investment commitments and project development schedules. The government under interim President Mamadi Doumbouya emphasized that strict compliance with these conditions was non-negotiable, signaling its desire for greater state control and profiting from the country's wealth of mineral resources. In particular, Guinea initiated the revocation of the license of Emirates Global Aluminum (EGA) because the company failed to meet its customs duties and obligations to build an alumina refinery. Kebo Energy SA also lost its concession for failing to meet its investment commitments, including the development of a refinery. Due to disputes over tariffs and non-fulfillment of contractual obligations, Guinea has initiated proceedings to revoke the mining license of Emirates Global Aluminum (EGA), a major player in bauxite mining. The government has also annulled a bauxite concession awarded to Kebo Energy SA due to failure to make the promised investments. These measures are part of Guinea's broader efforts to enforce compliance with mining regulations and ensure that projects are developed according to agreed terms. This reflects a growing trend toward resource nationalism in the region.