THE ESSSENTIAL TOOLS FOR ATTRACTING MINING INVESTMENT TO THE REPUBLIC OF GUINEAGuinea’s mining potential is considered the most significant in the world, however the country’s mineral resources have been left largely unexploited. The government is eager to attract foreign investment in the mining sector and has taken measures to implement a rigorous good governance policy to regulate the minerals industry.
FINANCING MINING ACTIVITIES IN THE REPUBLIC OF GUINEA
In today’s economic climate, coupled with fluctuating commodity prices, the traditional model of finance may not always be the best option. In this session finance experts, will unpack traditional and alternative sources of finance relevant for mining projects in Guinea
HOW CAN PARTNERSHIPS IN INFRASTRUCTURE ACT AS A CATALYST FOR THE GROWTH OF THE MINING SECTOR?
Good infrastructure is the backbone to attracting investment and increase mining activities in the region. Public and Private sector needs to work together to accelerate infrastructure that will benefit both the economy and businesses alike. One should not forget that this, will in turn, have a positive social effect.
POWERING GUINEA – EMPOWERING THE MINING SECTOR THROUGH AN ADEQUATE SUPPLY OF ENERGY
A reliable supply of electricity is crucial for Guinea’s economy which is dominated by the mining sector. In order to improve energy supply, the government is embarking on plans to attract private sector participation, help enhance the management, operation and commercial viability of the energy sector.
A GEOLOGICAL OVERVIEW OF THE REPUBLIC OF GUINEA
SPOTLIGHT ON GOLD
Even though the industry is still developing, Guinea has the potential to become a strong gold producing country. A number of players have already invested in gold mining activities, but what has been accomplished to date and how can companies plan for rising production costs and uncertain world gold prices?
Guinea has significant Bauxite deposits. During this session, Bauxite mining companies and other players will discuss their projects and expansion plans
IRON ORE DEMAND AND DEPOSITS
Guinea has the largest untapped iron ore reserves in the world. This ore, of outstanding quality, often has an iron content greater than 65%.
DIVERSIFYING GUINEA’S MINERALS RESOURCES MIX
In order to make the Guinean mining sector more resilient, new projects need to be developed though diversifying the resources exploited. Opportunities include:
LOCAL CONTENT POLICY FRAMEWORKS
Local content policies should enable mining projects to make a strong contribution to the national economy and assist in capacity building for the mining industry and other sectors. Guinea’s The local content policy is based on three components for the fostering of economic opportunity: jobs, suppliers and capacity building.
HOW CAN SMALL SCALE AND ARTISANAL MINING DEVELOP INTO A REGULATED WORKFORCE?
Although Artisanal miners lack the training, they impact the economic development of a country and help sustain local villages. It should be noted that large number of women play a role in small scale mining, often more than the men. However, the dangers of unregulated mining include: improper use of chemicals, lack of safety equipment, sanitation and basic health care. Communities may also be affected by environmental degradation. What can be done to develop a more regulated ASM workforce?
PROTECTING THE SOCIAL AND PHYSICAL ENVIRONMENT
Mining activities can have a heavy impact on the social and physical environmental, including toxic water leaks, contaminated ground water, deforestation and mine collapses. What steps have been taken to protect Guinea’s diverse biosphere from mining degradation and what can be done further?
CORPORATE SOCIAL RESPONSIBILITY
When we consider skills development and environmental protection in the mining industry, one also has to look at the impact of CSR projects that are being implemented and led by mining companies for the benefit of all parties involved.
CREATING A MINING LABORATORY IN THE REPUBLIC OF GUINEA
Every year some 800 000 samples are exported outside of the country for analysis. The government of the Republic of Guinea plans to construct a world class laboratory under a PPP arrangement. During this session, key stakeholders will discuss the plans for the mining laboratory as well as the impact it will have on the mining sector as a whole.