All new and renewed expiring mining agreements, excluding those with new investments in infrastructure for multiple users and/or transformation in Guinea in higher value-added products, will be in line with the tax provisions of the mining code. All new agreements with new investments in infrastructure for multiple users and/or transformation in Guinea in higher value-added products will be submitted to the National Assembly with an assessment of tax expenditures
A new agreement for iron ore extraction was ratified in July 2020. The contract entailed new investments in infrastructure and local transformation. It was submitted to the National Assembly with an assessment of tax expenditures.