Within the Republic of Guinea and its exclusive economic Zone, the staking, exploration, operation, possession, holding, circulation, trade and processing of mineral or fossil substances and the fiscal regime applicable to such activities are governed by the provisions of this Mining Code including its implementing regulations. The only exceptions are liquid or gaseous hydrocarbons, which are governed by special regimes, set out in other statutes.
However, within the framework of its strategic interests, the State may negotiate specific agreements with bilateral partners (States) with respect to the development of its mineral resources.
The State reserves the right to negotiate production sharing contracts, the terms and conditions of which will be set out and appended to the Exploration Permit.