Mines and geology · Ministry of Mines and Geology
Approval as a buying office or counter for precious substances
The approval allows a company to buy, hold, resell and export gold, diamonds and other precious materials produced in the country. Gold is exported exclusively through approved buying offices, diamonds and other gemstones through approved buying counters (article 60). It is issued by order of the Minister for Mines, on the proposal of the National Bureau of Expertise, for one renewable year.
Version 1
What it allows
To buy from approved intermediaries and from artisanal miners holding an authorisation, to hold stock at the declared premises, and to export through the official channel recognised by the BNE and the Central Bank of the Republic of Guinea. It confers no right to extract.
Who may apply
Any natural or legal person, Guinean or foreign, on the trade register (article 60). Share capital must reach one and a half billion Guinean francs; below that a bank guarantee of the same amount is required, and no approval is possible below six hundred million.
A company
At a glance
Ministry of Mines and Geology
90 days
12 months
Renewable, from 90 days before it ends
What it costs
- Filing feeGNF 7,500,000
- Issue feeGNF 30,000,000
- Annual fixed chargeGNF 15,000,000
Total, filing and issueGNF 37,500,000
What to bring
Some of these depend on your answers; the list narrows as you fill the form in.
- Receipt for the filing fee
- Commercial register extract
- Tax clearance certificate
- Articles of association
- Bank guarantee
- Lease for the premises
- Title deed for the premises
- Premises security report
- Responsible sourcing policy
Before you start
- A commercial register extract less than three months old
- A tax clearance certificate
- The title deed or the lease for the premises
- The premises security report
- If capital is below the floor: the bank guarantee
How it is handled
- Completeness check
- Inspection of the premises
- Assessment
- Decision
- Signature
- Notification
If the answer is no
A refusal may be challenged before the Minister responsible for mines within two months, and then before the administrative court.