Arrow Minerals Partners with Guinea Government Entity Soguipami
Arrow Minerals Limited has signed a non-binding MOU with Guinea's state-owned Soguipami to advance its mining projects. This partnership is vital for ensuring compliance with the Guinea Mining Code and clarifying permits for the Niagara Bauxite and Simandou North Iron projects.
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Arrow Minerals Limited (ASX: AMD) has established a non-binding Memorandum of Understanding (MOU) with Soguipami, the 100% government-owned entity responsible for managing Guinea's mineral rights. This agreement aims to enhance regulatory compliance and clarity regarding permits for the Niagara Bauxite and Simandou North Iron Projects, facilitating the recommencement of exploration and investment activities.
The MOU serves as an umbrella document for future collaboration, including assessing shared infrastructure options. The partnership reflects Arrow's strategy to align its commercial goals with Guinea's economic interests. This collaboration could influence investment dynamics and operational timelines in Guinea's mining sector.
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