Article 2: Purpose of the Act

The purpose of this Mining Code is to regulate the mining sector in order to promote investment and ensure a better understanding of the soil and sub-soil of the Republic of Guinea. It seeks to encourage the exploration for and development of mineral resources so as to promote Guinea's economic and social development. It further seeks to promote a systematic and transparent management of the mining sector which guarantees sustainable economic and social benefits for the Guinean people, within the framework of a mutually beneficial partnership with investors.