The holder of a Mining Title or Authorisation, and companies working on its behalf, must give preference to Guinean companies of its choice in respect of any contract, provided they offer comparable prices, quantities, qualities and delivery schedules. In any case, the portion of SMEs, SMIs and companies owned or controlled by Guineans shall be progressively increased in accordance with the following minimum thresholds:
Minimum thresholds of SMEs, SMIs and companies owned or controlled by Guineans for the supply of goods and services to mining companies.
Exploration | Development | Operating Periods | ||
1st – 5th Year | 6th – 10th Year | 11th- 15th Year | ||
10% | 20% | 15% | 25% | 0% |
In order to promote private sector development, holders of Mining Operation Titles and Mining operation permits for Quarry Substances and independent companies, must implement the support plan for the building and/or strengthening of capacities of SMEs, SMIs and companies owned or controlled by Guineans for the supply of goods and services widely used in their activities.
Each holder of a Mining Title shall submit to the Minister, on an annual basis, a report on its use of SMEs, SMIs and businesses owned or controlled by Guineans, detailing the progress of the holder of the Mining Title towards achieving the minimum thresholds set out in this Article, as well as its activities towards creating or strengthening Guinean capacities. This report, a copy of which must be filed with the Ministry in charge of SMEs and SMIs, will be published in the Official Gazette and on the official Website of the Ministry in charge of Mines, or any other site designated by the Minister.