Published: · Region: Africa · Category: markets

Guinea’s Raw Gold Export Ban Puts Refiners and Traders Under New West African Pressure

Guinea has banned exports of raw gold, ordering miners to refine domestically under a new law as Conakry builds a 250-tonne-per-year refinery. The move, announced by junta leader Mamady Doumbouya, forces international miners and traders to rewire supply chains through Guinea instead of offshore hubs. The article explains what the ban means for global bullion flows, local power politics, and the growing push for resource nationalism in West Africa.

Guinea, already a heavyweight in bauxite, is now trying to rewrite the rules of its gold trade — and force the world’s refiners and traders to play along. President Mamady Doumbouya’s government has banned the export of raw gold, using a law introduced at the end of June that requires domestic processing before metal can leave the country. The move coincides with the construction of a large refinery in the capital, Conakry, with a planned capacity of 250 tonnes per year. In the first five months of 2026, Guinea exported about 22 tonnes of gold, underscoring the scale of flows that will need to be rerouted through the new regime.…

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