“Guinea Republic’s great geological and mining potential, particularly for iron and bauxite, is well known. However, considering its rich potential, the mining sector is still underdeveloped.

An efficient strategy must be defined, and this must be done by debating, exchanging and sharing ideas to lift these restrictions. The symposium on the mining sector in Düsseldorf is the perfect place to reach this goal.

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It is taking place at a time when Guinea has entered into a vast development programme of its mining potential, with exploitation and transformation projects that will see important improvements to the country’s infrastructure, including railways, ports and energy installations, put into place.

This is why the results of studies made by DE Consult & Inros Lackner for evacuation infrastructures linking the south-east to the Guinea coastline will be presented at the symposium.

Guinea’s strategy must be improved and perfected to achieve these goals, and a close partnership with the mining companies and other players present in the mining development field is essential.

We are aware of the fact that Guinea is still a developing country, and that mining resources cannot be renewed. This is why the symposium is vital, to discuss with mining companies, our partners in development, and other players in the mining industry (jurists, financial experts, construction experts, etc) issues and suggestions that will enable us to improve our long-term strategy, so that our mining activities become a source of sustainable development, preserve the environment and are profitable to the communities in which they take place.”

MINING IN GUINEA

Guinea offers considerable geological and mining potential

Bauxite: The world’s largest bauxite reserve: approximately 40 billion tons (alumina content of more than 40%); accounts for two-thirds of total world reserves; second largest world producer behind Australia.

Alumina: Production of 700,000 tons per year and a potential for 15 millions tons per year.

Iron: Two world-class iron deposits: Nimba Mountains (1 billion tons with iron content

of 63% to 68%) and Simandou (more than 2 billion tons with iron content of 65% to 68%).

Gold: More than 24 tons per year produced with a potential of several hundred tons.

Diamonds: Potential for 25 million to 30 million carats.

Oil and gas: Significant potential to be explored both offshore and onshore.

Other ores: Uranium, cobalt, nickel, etc.

Overall, the Republic of Guinea offers unparalleled mining potential right on Europe’s doorstep.

Guinea Mines Symposium, the International Congress of the Guinean Mining Industry

October 26 and 27, 2006, at Intercontinental Hotel, Düsseldorf

The objectives are to provide an update on current projects and to present infrastructure development programmes: roads, rail lines, ports and hydroelectric dams.

It will provide an opportunity to determine the roles of the Guinean government, of the developers and of the public and private funding institutions.

The symposium will also highlight the benefits of technical training for Guinean managers and workers, which is vital for these projects to succeed. The focus will be on infrastructures, energy, environment and technical and scientific training.

 

Interested parties should contact:

Tel: +33 (0) 1 41 34 21 43

E mail: guinee@le-public-systeme.fr

Web: www.symposiumguinee.com