Bauxite Angola, the Angolan company that plans to explore bauxite deposits in the East of Guinea Bissau, has done nothing since it signed an exploration contract seven years ago, the Minister for natural Resources of the Guinea Bissau transitional government said in Bissau.
Interviewed by public television, Daniel Gomes said that Bauxite Angola had yet to present environmental impact and economic viability studies, according to Portuguese news agency Lusa.
The Minister made the statement at a time when the Guinean Public Prosecutor said that the contract signed between Guinea Bissau and Bauxite Angola, in 2007, was not in line with legislation and could therefore be cancelled.
The Minister also said that Bauxite Angola had yet to respond to the Guinean proposal to restructure shareholdings, with Guinea Bissau holding onto 85 percent, rather than the current 10 percent, and Bauxite Angola taking 15 percent (it currently has 90 percent).
Daniel Gomes also said that Bauxite Angola had not outlined its exploration area, which was a requirement given that “deposits are in an area bordering Guinea Conakry.” (macauhub)