GUINEA Law and Practice Contributed by: Sarah Razafindrafito and Tiavina Rakotonaivo, John W Ffooks & Co
• the mining concession is a divisible real estate right that may be amended and mortgaged to guarantee borrowings for operating purposes (Article 35 of the Mining Code); and • the various mining authorisations cannot be pledged or mortgaged. The Organization for the Harmonization of Business Law in Africa ( Organisation pour l’Harmonisation en Afrique du Droit des Affaires (OHADA)) Uniform Act on Security (AUS) governs securities in the Republic of Guinea. 6. Mining: Outlook and Trends 6.1 Two-Year Forecast for the Mining Sector The Republic of Guinea is rich in mineral resources such as graphite, cobalt and lithium, all of which contribute to the country’s energy-transition miner - als. However, the country has no specific plans for
energy-transition minerals. The government’s priority projects relate to renewable energy – solar, wind and hydraulic power – to improve electricity services in the Republic of Guinea. The authors are not aware of any government initiatives or prospects regarding the mineral energy transition. As a result, no change in this area is expected in the next couple of years. With regard to carbon net-zero, the authors are not aware of any initiatives or prospects envisaged to achieve carbon net-zero or carbon neutrality in Guin - ea. However, the current law and the national strategy on climate change, imposed by the Ministry of the Environment, requires that the exploitation of Guinea’s mineral resources be climate-compatible and devel - oped in an environmentally friendly manner, gradually combining the use of low-emission energy sources and technologies. The authors are not aware of any impending changes in legislation in the mining sector, including in respect of energy-transition minerals and carbon net-zero.
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