Mining 2026

GUINEA Law and Practice Contributed by: Sarah Razafindrafito and Tiavina Rakotonaivo, John W Ffooks & Co

• The creation of the Centre de Promotion et de Développement Minier (CPDM), a one-stop-shop offering comprehensive assistance to simplify the investment process. The CPDM facilitates inves - tors’ access to essential information, encouraging responsible and sustainable investment. Under the supervision of Guinea’s Ministry of Mines and Geology, the CPDM assists investors in preparing permit applications and completing administrative formalities. The CPDM also facilitates the acquisi - tion of mining titles and authorisations (Article 151 of the Mining Code). • The guarantee of systematic and transparent man - agement of the mining sector, which will be advan - tageous for investors, not to mention conferring sustainable economic and social benefits for the Guinean people (Article 2 of the Mining Code). • Large reserves of bauxite, iron ore, diamonds and gold. 5.2 Foreign Investment Restrictions and Approvals in the Exploration and Mining Sectors There are no special rules on foreign investment approval in the Republic of Guinea. Moreover, there are no restrictions on foreign investment in the explo - The Republic of Guinea is not part of any multilateral or bilateral treaties that favour and protect invest - ments in exploration and mining. However, the Republic of Guinea has ratified the Trea - ty of the Economic Community of West African States (ECOWAS). In its Article 31, it stipulates the need to harmonise and co-ordinate ECOWAS member states’ natural resource policies and programmes. ECOWAS includes Directive C/DIR 3/05/09, dated 27 May 2009, on the harmonisation of guidelines and policies in the mining sector. This Directive aims to ensure that ECO - WAS member states adopt compatible and coherent mining legislation and policies that facilitate the attrac - tion of regional and national mining investments. It promotes transparent and responsible management of mining resources in member states and proposes standards for environmental protection, and it also ration and mining sectors of the country. 5.3 International Treaties Related to Exploration and Mining

requires the local population to share in the benefits of mining resources. It is also worth noting that the Republic of Guinea is one of the countries that applies the Kimberley Pro - cess and the Extractive Industries Transparency Initia - tive (EITI) standards. 5.4 Sources of Finance for Exploration, Development and Mining The main sources of finance for exploration, develop - ment and mining in the Republic of Guinea for inves - tors are loans, own funds and technical partnerships. As far as the state is concerned, the Mining Invest - ment Fund finances mining research and training, as well as actions promoting the mining sector. 5.5 Role of Domestic and International Securities Markets in the Financing of Exploration, Development and Mining In Guinea, domestic and international securities markets are still in the process of being set up. The Republic of Guinea is currently working on a draft law on securities exchange. The aim of setting up a secu - rities market in the Republic of Guinea is to diversify financial resources and ensure better management of funds. Briefly, domestic and international securities markets in the Republic of Guinea do not currently have an important role in the financing of exploration, development and mining. 5.6 Security Over Mining Tenements and Related Assets The legal features relating to security over mining ten - ements and related assets in the context of explora - tion, development and mining finance in the Republic of Guinea are as follows: • exploration permits cannot be pledged or mort - gaged – nevertheless, the holder of an exploration permit can enter into a technical partnership ena - bling them to raise the necessary capital to finance the exploration activities required for the discovery of a deposit (Article 19.al.3 of the Mining Code); • exploitation permits may be pledged to secure loans intended for operating purposes (Article 28 of the Mining Code);

183 CHAMBERS.COM