Guinea has taken a significant step towards greater control of its mineral wealth with the official launch of Nimba Mining Company, the country\u2019s first mining firm fully owned by the state.<\/p>\n
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The company\u2019s creation forms part of the government\u2019s Simandou 2040 Programme, which seeks to ensure that natural resources contribute more directly to national development.<\/p>\n
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Established on August 5, 2025, Nimba Mining reflects the government\u2019s push to reclaim control over the exploitation of the country\u2019s vast mineral reserves. Just three months after its formation, the company completed its first shipment of 200 000 tons of bauxite from the port of Kamsar, under a contract totalling 1.5 million tonnes signed in mid-October.<\/p>\n
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Officials have hailed the launch as a milestone for Guinea\u2019s mining sector, long dominated by foreign companies.<\/p>\n
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Economist Hamidou Barry described the initiative as a decisive step towards economic self-determination.<\/p>\n
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\u201cThe establishment of Nimba Mining shows that Guinea is ready to take ownership of its mining future,\u201d Barry said. \u201cFor years, most of the profits from our resources have gone abroad. This is a clear attempt to reverse that trend and channel more of the benefits to Guineans themselves.\u201d<\/p>\n
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The government hopes Nimba Mining\u2019s progress will set the tone for similar ventures in the coming years, boosting local value creation and reinforcing Guinea\u2019s status as a leading producer of bauxite.<\/p>\n
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–ChannelAfrica–<\/p>\n","protected":false},"featured_media":14824,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-14823","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Official launch of Nimba Mining Company, the Guinea\u2019s first mining firm fully owned by the state","published_date":"2025-11-08 09:33:21","news_description":"Official launch of Nimba Mining Company, the Guinea\u2019s first mining firm fully owned by the state","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14823\/revisions"}],"predecessor-version":[{"id":19319,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14823\/revisions\/19319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14824"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=14823"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=14823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}