not registered yet? Register
Register for free access
Already registered? Login

Guinea

Legislation

  • Mining Code 2011 (as amended)
  • Decree No. 2014-012 on Mining Titles
  • Decree No. 2014-014 on ESIS

Regulatory Risk Rating

Critical
Regulatory Risk

Regulatory Corruption Risk

Extremely High
Regulatory Corruption Risk

Corruption Exposure Risk

Very High
Corruption Exposure Risk
Regulatory Risk Rating Factors Risk Level
First Come / First Serve Subscribe
Application Critiera Subscribe
Duration Subscribe
Right to Renew Subscribe
Competing Licences Subscribe
Mineral Coverage Subscribe
Right to Mine Subscribe
Criteria for Mining Rights Subscribe
Tenure Subscribe
Surface Rights Subscribe
Government Take Subscribe
Transfer Rights Subscribe
Change of Control Subscribe
EIA Process Subscribe
Power to Revoke Subscribe
Age of Legislation Subscribe
Other Factors Subscribe

The Guinea mining code is largely replete of acceptable standards of security of tenure and will necessarily compel a major mining company to suspend its investments pending a comprehensive agreement that overrides its provisions. Few pieces of mining legislation have been so poorly conceived. The legislation is likely to have been heavily influenced by local advisors and/or NGOs, with little to no meaningful consultations with industry. Those with an interest in the jurisdiction will have to approach with caution and take all measures available to them to protect their investment.

Contents

Legislation

  • Mining Code 2011 (as amended)
  • Decree No. 2014-012 on Mining Titles
  • Decree No. 2014-014 on ESIS

Regulatory Risk Rating

Critical
Regulatory Risk

Regulatory Corruption Risk

Extremely High
Regulatory Corruption Risk

Corruption Exposure Risk

Very High
Corruption Exposure Risk
Regulatory Risk Rating Factors Risk Level
First Come / First Serve Subscribe
Application Critiera Subscribe
Duration Subscribe
Right to Renew Subscribe
Competing Licences Subscribe
Mineral Coverage Subscribe
Right to Mine Subscribe
Criteria for Mining Rights Subscribe
Tenure Subscribe
Surface Rights Subscribe
Government Take Subscribe
Transfer Rights Subscribe
Change of Control Subscribe
EIA Process Subscribe
Power to Revoke Subscribe
Age of Legislation Subscribe
Other Factors Subscribe

Overview

Though Guinea is considered to be one of the poorest countries in the world, it has considerable mineral wealth. The country’s natural resource prospects have traditionally been stifled, mainly due to political and social instability, alongside various other infrastructure and governance issues, yet its mining industry has grown considerably in recent years, resulting in overall economic growth. This is primarily a result of Chinese involvement in the country. Whilst investors and miners outside of China continue to be deterred by high levels of risk, these factors do not seem to be impacting Chinese interest and investment in the region, which has increased significantly over the last decade. In this regard, in 2017, China agreed to loan Guinea $20 billion (USD) in exchange for various bauxite concessions. Guinea is now the second largest producer of bauxite, with the largest bauxite reserves in the world – estimated at around 29 billion tonnes. It also hosts world-class iron ore resources that have been the subject of much competition among the world’s leading mining companies. Other minerals in the country include gold and diamonds.

[ Back to top ]


Regulatory Risk Ratings & Full Analysis

Please subscribe below to view this content.

Subscribe

[ Back to top ]


Regulatory Bodies

Please subscribe below to view this content.

Subscribe

[ Back to top ]


Key Features and Development Considerations

Please subscribe below to view this content.

Subscribe

[ Back to top ]


EIA Process & Environmental Considerations

Please subscribe below to view this content.

Subscribe

[ Back to top ]


Compare This Jurisdiction

Compare this juridiction with up to 3 others.

Compare this jurisdiction

[ Back to top ]


Legal Risk Report

Purchase the Legal Risk Report in PDF format.

Purchase report

[ Back to top ]