Guinea’s Mining Fiscal Regime: H1 2014

The country’s mining industry is governed by the Ministry of Mines and Geology (Ministère des Mines et de la Géologie), and the departments under it. The Mining Code is the main act applicable to all activities related to mineral and fossil substances found in Guinea.

Scope

The report outlines the Guinea’s governing bodies, governing law, licenses and permits, rights and obligations and key fiscal terms which includes Fixed fees, Surface Taxes, Mining Taxes, Corporate Income Tax, Capital Gains Tax, Withholding Tax, Property Tax, Depreciation, Loss Carry Forward and Value Added Tax, VAT.

Reasons to buy

Gain an overview of Guinea's mining fiscal regime.

Table of Contents

1 Executive Summary 1

2 The Guinean Mining Industry – Governing Bodies 5

2.1 The Ministry of Mines and Geology (Ministère des Mines et de la Géologie) 5

2.1.1 Department of Environment 5

2.1.2 Mining Promotions and Development Centers (CPDM) 5

3 The Guinean Mining Industry – Governing Law 6

3.1 The Mining Code 6

4 The Guinean Mining Industry – Licenses and Permits 7

4.1 Reconnaissance License 7

4.2 Prospecting permit 7

4.3 Operating Permit 7

4.4 Mining Concessions 7

5 The Guinean Mining Industry – Rights and Obligations 8

5.1 Rights 8

5.2 Obligations 8

6 The Guinean Mining Industry – Key Fiscal Terms 9

6.1 Fixed Fee 9

6.2 Surface Taxes 9

6.3 Mining Taxes 9

6.4 Corporate Income Tax 9

6.5 Capital Gain Tax 9

6.6 Withholding Tax 10

6.7 Property Tax 10

6.8 Depreciation 10

6.8.1 Straight Line Depreciation 10

6.8.2 Declining Balance Depreciation 10

6.9 Loss Carry Forward 10

6.10 Value Added Tax 10

7 Appendix 11

7.1 What is this Report About? 11

7.2 Methodology 11

7.3 Secondary Research 11

7.4 Primary Research 12

7.5 Contact GlobalData 12

7.6 About GlobalData 12

7.7 GlobalData’s Services 13

7.8 Disclaimer 14

List of Tables

Table 1: The Mining Industry in Guinea – Fiscal Regime Terms and Other Taxes (%), 2014 1

Table 2: The Mining Industry in Guinea – Mining Tax (%), 2014 9

Table 3: The Mining Industry in Guinea – Withholding Tax (%), 2014 10

Table 4: The Mining Industry in Guinea – Depreciation (Straight Line) Tax (%), 2014 10

List of Figures

Figure 1: The Mining Industry in Guinea – Commodity Mines at Different Stages (Number of Mines), 2014 1

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