Simandou Mining Summit: Bouna Sylla praises Guinea’s attractiveness and success in Kassa
By the AFREEQUE newsroom, based on Guinee7, Guinéenews and Mosaiqueguinee
According to Guinéenews, Bouna Sylla, Minister of Mines, views the outcome of the Simandou Mining Summit held in Kassa positively. He highlights secure travel to the island, the presence of the head of state at the opening and the calibre of participants, including several foreign investors.
Around 2,500 people took part in the gathering, and mining and industrial projects worth $7.5 billion were showcased, according to the assessment made public on 14 November. The minister also calls for more rigorous management of extractive resources, so that future generations are not left with mere remnants.
The summit opened on 11 November in Kassa with a call to investors to join a country determined to make its subsoil the lever of a diversified economy. President Mamadi Doumbouya presented Simandou 2040, a programme intended to turn underground wealth into productive capital. Djiba Diakité, who heads the presidential cabinet and chairs the project’s strategic committee, reaffirmed this ambition, while exchanges on 12 November focused on reforms, competitiveness, long-term management of mining revenues and reflection on a sovereign fund.
Namory Camara, head of the Guinean Development Agency, outlined an envelope of more than $200 billion spread over fifteen years, of which 40% should come from the private sector. Six areas are concerned: energy production, mobility, agriculture, industrial processing, healthcare and education. Concrete avenues also exist in equipment maintenance, freight transport, agricultural value addition, digital services and technical trades.
For these sums to materialise, the authorities set conditions: quality studies, a readable contractual framework, available and competitive energy, and compliance with environmental and social standards. The presidential message targets credible investors, ready to build mutually beneficial partnerships, and rests on political stability, legal and tax predictability, and the fight against corruption.
