Sanctions 'not hitting' Russian mining firm in Guinea

AFRussian aluminium manufacturer Rusal has denied that it is facing difficulties meeting its financial obligations in Guinea.

Its statement follows reports that Rusal was to cease operations in the West African nation after sanctions were imposed on Russia for invading Ukraine, threatening the jobs of 4,000 workers there.

Guinea is one of the world's main exporters of the aluminium ore bauxite.

“Despite the temporary reduction of bauxite exports from Guinea due to events in Ukraine, Rusal does not plan to cease any of its operations in Guinea,” Guinean news website Guineenews quotes Rusal’s head of public relations as saying.

The company insists that it is not subject to any international sanctions.

According to Rusal, it is one of the largest foreign investors in Guinea, where it owns and operates the Compagnie des Bauxites de Kindia (CBK) and is exporting ore from Dian-Dian, the world's largest bauxite deposit.

This article originally appeared on BBC News

Photo: AFP