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Guinean President Defends Decision to Void Major Mining Permit Owned by Israeli Magnate’s Firm
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by News Editor
Benny Steinmatz. Photo: Israel Sun via Forbes.
Global Post – Guinean President Alpha Conde has defended a decision to void hundreds of mining permits, including to the world’s biggest untapped iron-ore deposit, which was nixed after a corruption probe of an Israeli magnate’s firm.
“We decided to review all permits. We maintain those which are regular. Those which don’t meet requirements get a deadline to fall into line and those which are way off get withdrawn,” Conde said this week in Geneva, a global commodities trading hub.
