The Simandou project has been somewhat stagnant since its discovery in the 1990s as a result of political uncertainty, disputes over mining rights and cost concerns.
"For the country's booming mining sector, the situation could not come at a worse time. Miners now have little other option than to sit tight and await further clarity from the transitional authorities, but contract renegotiation or even expropriation cannot be discounted," said Eric Humphery-Smith, Africa analyst at risk intelligence company Verisk Maplecroft.
The Kremlin on Tuesday said it hoped the coup would not harm Russian business interests in Guinea, according to Reuters. President Condé was accused in late 2020 of pushing through a constitutional amendment to secure a third term, a move that led to violent protests across the country.
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