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Guinea bauxite miner Nimba Mining Company (NMC) reports that the signing of its mining convention has been concluded, establishing a clear and stable legal framework for the company to conduct activities across the value chain, from the extraction of bauxite at the Tinguilinta mine to its export from the Port of Kamsar. The mining convention, granted by decree, sets out the reciprocal rights and obligations of the Guinean State and the company for the full duration of operations. It secures the applicable regime to NMC’s activities in fiscal, customs, environmental and social matters and gives the company the required visibility to commit to its long-term investments, starting with the ramp-up of the Tinguilinta site and the studies on local bauxite processing.
