The holder of a Mining Title or an Authorisation for Industrial or Semi-industrial Mining Operation for Quarry Substances must keep an accounting system in the Republic of Guinea in compliance with SYSCOHADA, have its balance sheet and operating accounts certified each fiscal year by an Auditor licensed in Guinea, and forward its financial statements to the Minister responsible for Mines and the Minister responsible for Finance, no later than April 30th of the year following each financial year.
In applying the provisions of the Customs Code, General Tax Code and Handbook of Tax Procedures, or any other applicable text, it must keep for the duration required by general law, all accounting records and supporting documents in Guinea and provide access to them, on request, for the purpose of verification and audit by authorised personnel of the State. It must facilitate the auditing and control by this personnel authorised by the State.
However, the obligations set forth in this Article do not apply to artisanal mining operations.