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Axis Minerals vs Guinea: a $1B test for resource nationalism and investor confidence
Edited by : Pratyusha Chatterjee
5 min read
A single government decree has crystallised a conflict at the heart of modern extractive politics: how far can a resource state push for value-addition and control before it destroys the investment bedrock it claims to need? The answer (for now) may hinge on an arbitration filing lodged in New York that demands USD 1 billion in damages after Guinea revoked the mining licence of Axis Minerals, one of the country’s largest private bauxite operators.
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