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Guinea gives mining companies until August 31 to return export proceeds

Guinea authorities, Thursday August 3, gave August 31 ultimatum to mining companies operating in the country to repatriate at least 50 per cent of their revenues from exports. The warning came from the ministry of Mining and Geology, citing articles of the Guinea’s mining Code. Moussa Magassouba head of the department addressed the companies in […]

Shell to pay 15m euros in compensation to Nigerian farmers over oil spills

Shell will pay 15 million euros in compensation to Nigerian farmers for oil spills that severely polluted three villages in the Niger Delta, the oil giant has said in a statement. A court in The Netherlands ruled in 2021 that Shell’s Nigerian subsidiary was liable for damages resulting from the spills and ordered the oil […]

Algeria resumes trade with Spain as it wages trade war with France

Algeria has ordered the resumption of trade with Spain as it installs trade curbs with France in retaliation for Paris support for Morocco’s sovereignty over the Sahara territory. The trade wars with European powerhouses reflects Algeria’s standing as the main adversary of Morocco on the Sahara issue, in which Algiers has used the Polisario proxies […]