Doumbouya promises transformed Guinea within 15 years through Simandou
By the AFREEQUE newsroom, based on Guinee7
At the Simandou Mining Summit in Kassa, Guinean President Mamadi Doumbouya defended the Compagnie du TransGuinéen, a joint company between the state and mining partners, and promised a transformed Guinea within fifteen years. He justified the state’s free 15% stake in the project, according to Guinee7.
Guinean President Mamadi Doumbouya defended, on Wednesday 11 November 2026, the state’s 15% stake in the Simandou mining project and a 15-year co-development programme intended to prepare for the post-mining period. He explained that training and human capital development must remain at the heart of the project, during a panel at the Simandou Mining Summit on Kassa Island, according to Guinee7.
Mamadi Doumbouya also presented the Compagnie du TransGuinéen (CTG), a company bringing together the Guinean state and Simandou’s mining partners, as a means of ending divisions between the project’s different stakeholders. He named Rio Tinto and Winning Consortium among the partners brought together under the structure and called on foreign investors to take an interest in Guinea’s development prospects, according to Guinee7.
The Guinean president stressed the transfer of skills and experience so that Simandou benefits future generations, rather than only the period of mineral extraction, according to Guinee7. The intervention comes after the presentation of Simandou 2040 as a Guinean economic lever on 1 October, followed by Simandou 2040, with 122 megaprojects and 36 reforms on 7 November.
