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The Mining sector, the key to transforming the national economy for the benefit of all actors
Symposium Mines Guinea an integral part of improving the Guinean mining business environment
SMG 2017 will be an ideal platform for the Government of the Republic of Guinea to promote the reforms that are currently in process, thereby making the Guinean mining sector the most investor friendly mining destination in Africa:
- Building institutional capacity by training the mining administration to be more responsive to the needs of the investors
- Improving the capturing and availability of mining geological data
- Modernizing and cleaning up the mining cadastre (149 mining permits were recently withdrawn)
- Unveiling the One stop shop Facility for business procedures that will simplify and speed up the processing of licenses, permits and other approvals for mining and infrastructure projects, saving mining operators time and money. The next step will simplify and expedite the licensing process and procedures to ensure a client-friendly computerized OSS.
- Catalysing the transformation and value addition to local minerals
- Strengthening the dialogue between stakeholders: Government, local communities and mining companies.
- Creating local expertise in the workforce and Guinean SME’s thereby attract more investment in the country.
- Reinforcing the legislative, regulatory & fiscal framework including the mining code (2013) EITI (certified since 2014), the Kimberly Process and local content policy framework.
- Increasing energy supply; the opening of the Kaleta hydroelectric dam in 2015 resolved a capacity shortfall that had for 50 years prevented the country from reaching its full potential. 550-MW Souapiti hydropower project is in construction (US$1.5 billion project) and will double the country’s power supply when complete.
- Communicating clearly and transparently with all stakeholders through the Ministry Website: mines.gov.gn and Contract Review Portal: contratsminiersguinee.org