Guinea Financial News

An explosion and inferno at Guinea’s main fuel depot in the capital of Conakry has left at least 13 people dead and 178 injured

Subscribe to enjoy similar stories. Global mining is entering a phase where growth is no longer just about volume, but about access, reliability, and control. However, geopolitical tensions, tariff wars, and shifting trade policies are reshaping global supply chains, underscoring the need for resource security.

Subscribe to enjoy similar stories. Underneath a ridge in the southern highlands of Guinea, a west African country of 14m people, lies one of the world’s biggest deposits of iron ore. Mining of the sprawling 3bn-tonne deposit, which would be worth some $315bn at current market prices, has been on hold for nearly 30 years.

Interpol says a major operation targeting illegal gold mining in West Africa has resulted in 200 arrests and the seizure of harmful chemicals, explosives and drugs

US Immigration and Customs Enforcement deported more than 270,000 people to 192 countries, including India, over a recent 12-month period, the highest annual tally in a decade, according to a report released Thursday that illustrates some of the financial and operational challenges that President-elect Donald Trump will face to carry out his pledge of mass deportations. ICE, the main government agency responsible for removing people in the country illegally, had 271,484 deportations in its fiscal year ended Sept 30, nearly double from 142,580 in the same period a year earlier. It was ICE's highest deportation count since 2014, when it removed 315,943 people. The highest it reached during Trump's first term in the White House was 267,258 in 2019. Increased deportation flights, including on weekends, and streamlined travel procedures for people sent to Guatemala, Honduras and El Salvador fuelled the increase, ICE said. The agency had its first large flight to China in six years and also had planes stop in Albania, Angola, Egypt, Georgia, Ghana, Guinea, India, Mauritania, Romania, Senegal, Tajikistan and Uzbekistan.

Subscribe to enjoy similar stories. Russian aluminium giant Rusal recently shook the global market with its plan to slash output by more than 6%, citing skyrocketing alumina prices and weakening domestic demand. The decision comes amid a surge in alumina prices, which have more than doubled to about $700 a tonne owing to supply disruptions in Guinea, Brazil and Australia.

The leaders of Nigeria and India have pledged stronger ties in maritime security and counterterrorism during Prime Minister Narendra Modi first visit to Nigeria

tectonic plate that was thought to be lost for millions of years has been discovered in Borneo by geologists, bringing new insights into Earth’s ancient history. The plate, named Pontus, dates back 120 million years, according to a study led by Suzanna van de Lagemaat, a graduate geologist at Utrecht University, and her supervisor, Douwe van Hinsbergen. The discovery, based on geological data collected from the mountainous regions of Borneo, sheds light on the movements of tectonic plates that once formed part of the Earth’s crust. Van de Lagemaat said, «We thought we were dealing with relics of a lost plate that we already knew about. But our magnetic lab research on those rocks indicated that our finds were originally from much farther north, and had to be remnants of a different, previously unknown plate.»

Russia’s foreign minister has pledged more support to Burkina Faso in fighting militant groups as he presses his whirlwind tour of West Africa in an attempt to fill a vacuum left by the region’s traditional Western partners

In an interview with The Associated Press, the new head of Liberia's forest management authority, Rudolph Merab, said he would work to increase timber exports and cut regulations

base metal are unlikely to gain much from current levels, said experts. Shares of Hindalco, Vedanta and National Aluminium Co ended higher on Friday even as the Nifty Metal index, and benchmarks Nifty 50 and Sensex ended in the red. “Those holding the shares of these companies can continue to do so, but I would not suggest buying these shares at the current levels, except for Vedanta, where investors need to maintain a strict stop loss,” said Aditya Welekar, analyst at Axis Securities. “We are at a level where a large part of the rally has already happened,” he said.

Iran-Israel war LIVE Updates In a seperate event, Biden again repeated the story of his uncle in response to Republican presidential candidate Donald Trump's 2020 remark that "suckers and losers" perish in battle. However, Biden's comments does not match to the US government's record of missing persons.

government Tuesday allowed exports of Kala Namak rice up to an aggregate quantity of 1,000 metric tonnes through six specified customs stations. Their exports were prohibited till now. “Authorized signatory for certification of Kala Namak rice and its quantity will be Director, Agriculture Marketing & Foreign Trade, Lucknow,” the Directorate General of Foreign Trade said in a notification. Kala Namak is a premium non-basmati rice variety grown in Uttar Pradesh.

A wage law in New York City meant to protect food delivery workers is getting backlash from app companies like Uber, GrubHub and DoorDash

non-basmati white rice to Tanzania and 80,000 tonne of broken rice to Djibouti and Guinea Bissau. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) has said in a notification. Though exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply, exports are allowed on the basis of permission granted by the government to certain countries to meet their food security needs on request. Tanzania is an East African nation, while Djibouti is at the northeast coast of the African continent.

Did you hear? Google has been accused of a secret vendetta against Caucasians. Elon Musk exchanged tweets about this conspiracy on X more than 150 times this week, all on portraits generated with Google’s new AI chatbot Gemini. Like Ben Shapiro, Musk reacted to its image diversity: Female popes! African-looking Nazis! Indigenous founding fathers! Google apologized and paused the feature.

By Umaru Fofana

The German government has pledged to invest 4 billion euros ($4.37 billion) in African green energy projects until 2030

KAOBAGOU, Benin—Gunmen pulled 18 villagers from their homes during a night raid this spring, shooting some and slitting the throats of the rest. They wedged hand grenades under the bodies, laying a trap for those who would discover the grisly scene. Two more villagers were later killed when they moved the corpses and triggered the explosives.

ICDS programme to improve the nutritional and health status of children in the age group 0-6 years, laying the foundation for proper psychological, physical and social development of the child. India is also leveraging technology under an ambitious Poshan Tracker for dynamic identification of underweight children, as also of stunting and wasting among them, and for last-mile tracking of nutrition service delivery. Even as India is making rapid progress on health, paradoxically the Global Hunger Index (GHI) has placed India among the bottom 15 ranks, at No.

By Saliou Samb and Souleymane Camara