The Republic of Guinea (“Guinea”) is a West African coastal country and is a well-established global mining address.
Guinea has a population of approximately 15 million people and covers an area of 245,857 sq kms. Its capital city is Conakry.
The economy is largely dependent on agriculture and mineral production. The mining sector accounts for more than 90% of exports and approximately 21% of the country’s GDP. Guinea is one of the world’s largest producers and exporters of bauxite, has significant iron ore deposits under development (Simandou), and has an established and growing gold industry that is currently home to four producing gold mines.
The Guinean government have actively supported foreign investment into the country and identified the mining industry as a key growth sector. Open and actively seeking to engage with major transnational mining groups for the last 40 years, Guinea is also supported by an established mining code and fiscal regime.
PDI is focused on its Bankan Gold Project, located in the North-East of Guinea. Bankan lies within the Siguiri Basin, which is part of the prolific West African Birimian/Archean gold belts that stretch from Mali, through Guinea, Côte d’Ivoire, Burkina Faso and into Ghana, Guinea’s Siguiri Basin remains the most underexplored region. Gold mines in the region include Siguiri (AngloGold Ashanti), Lefa (NordGold), Tri-K (Managem) and Kouroussa (Hummingbird Resources), with Kiniero (Robex Resources) currently in construction.
