Mining in Guinea

Guinea has a long history of mining. The Guinean Mining Code, in place since 1995, was reviewed by the government of Guinea and the new Mining Code of 2011 has been in effect since 2012. Kalia is governed by the 1995 Mining Code.

Larger mining projects are required to have a Mining Convention in place while smaller projects use the Mining Code provisions.

A Mining Convention defines the legal, administrative, financial, tax, customs, mining, environmental and social terms and conditions according to which the state and companies manage their relationships and conduct business with each other.

A Mining Convention is in place at Kalia, having been finalised in 2010, following three months of negotiations with a multidisciplinary committee appointed by the government of Guinea. This Mining Convention grants and guarantees Bellzone the right to extract, process, treat, transport, export and sell iron ore from the Kalia mining licence area. Kalia’s Mining Convention is based on the 1995 Mining Code, which was in effect at the time of the Convention being put in place. It is not required to be updated or renegotiated to reflect the 2011 Mining Code. In September 2012, the government of Guinea granted Bellzone the Mining Concession (permit) for Kalia.

Bellzone projects in Guinea, West Africa [map]