Guinea

Overview

Guinea, officially Republic of Guinea is a country in West Africa, formerly known as French Guinea. Guinea's territory has a curved shape, with its base at the Atlantic Ocean, inland to the east, and turning south. The base borders Guinea-Bissau and Senegal to the north, and Mali to the north and north-east; the inland part borders Ivory Coast to the south-east, Liberia to the south, and Sierra Leone to the west of the southern tip.

Economy

Guinea is a poor country that possesses major mineral, hydropower, solar power, and agricultural resources. Guinea has historically been an exporter of agricultural commodities, but in recent years has shifted to importing the majority of food crops. Bauxite is Guinea’s main mineral resource as well as its main source of foreign currency. Guinea is the second largest producer of bauxite in the world and has the largest reserves of bauxite, estimated at 29 billion tons. The country also has significant iron ore, gold, and diamond reserves. However, Guinea has been unable to profit from this potential, as rampant corruption, dilapidated infrastructure, and political uncertainty have drained investor confidence. International investors have expressed keen interest in Guinea's vast iron ore reserves, which could propel the country's growth. The government in April 2013 amended the September 2011 mining code to reduce taxes and royalties. Longer range plans to deploy broadband Internet throughout the country could spur economic growth as well. The biggest threats to Guinea’s economy are political instability and low international commodity prices.

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31 Matters
OHADA guide on oil & gas activities

OHADA guide on oil & gas activities

Working with a multinational law firm headquartered in London, we prepared a guide containing entry-level information for conducting oil... More

Corporate, environmental & mining advice Iron Ore project

Corporate, environmental and mining advice - Guinea

We advised the Government of Guinea on an Iron Ore project. We analysed all the environmental legislation in Guinea, especially that... More

Corporate & tax advice for TSX-listed mining services provider

Corporate advice & tax restructuring advice - Guinea

We incorporated a local subsidiary of a TSX-listed mining services provider and provided corporate advice including tax... More

Mining investment laws

Investing in Guinea

We acted for a major Japanese mining house in relation to its investment process in Guinea and reviewed all the laws relating to mining... More

Target asset & exploration permits for Bauxite & Iron Ore

Target asset and exploration permits for bauxite & iron Ore - Guinea

We advised a London-listed junior company about their activities in Guinea, and conducted a full due diligence review of the target asset,... More

Banking regulation across 5 jurisdictions

Banking regulation across 11 jurisdictions

We advised a leading international bank on regulatory aspects of retail banking across the Francophone region, including banking licences,... More

Potential mining investment into Guinea

Mining investment pre-feasibility assessment - Guinea

We advised a major Japanese mining house on its investment process in Guinea. We reviewed all the laws concerning mining investment and law... More