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DMC Mining Limited (ASX: DMM) has provided an update on recent regulatory developments in Guinea. The Ministry of Mines and Geology has revoked several explorations, semi-industrial, and exploitation permits as part of a compliance review. These actions aim to enforce adherence to minimum investment and activity obligations while enhancing transparency for international investors.
DMC confirmed that its exploration permit applications for the Firawa and Labé Projects remain unaffected and are progressing through regulatory channels without issue. The Company had anticipated such regulatory reforms and views them as a positive step toward reopening Guinea’s digital cadastre system and enabling the issuance of compliant new permits. DMC reiterated its commitment to working constructively with the Guinean authorities and expressed confidence that these reforms will improve the country’s investment climate and regulatory credibility.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.