THE MINING CHAMBER OF SENEGAL

The main role of the Chamber is to encourage , promote and protect mining investments in Senegal , developing and maintaining a professional business ethic . Its mission is to foster the emergence of a dynamic mining sector and to create attractive conditions for a sustainable growth of the sector and the national economy . It also has a mandate to defend the common interests of its members as a representative , agent and spokesman in front of the public administrative bodies . To carry out its mission , the Chamber has established three committees , namely the Tax and Legal Committee , the Safety , Security and Training Committee , and the Communication Committee . After many exchanges between the governments and all of the stakeholders , a new mining code has been decided upon . It does not include a total restructuring of Senegal ’ s mining administration , nor does it establish any review of existing mining titles or contract . In retaining the investor-friendly incentives presented under the current code , one of the key goals of the new mining code is to increase incomes to the government from the mining sector . This means that investors can expect to pay expanded fees , royalties and taxes under the new mining code .

Note that mining companies that , as of now , hold a mining title in Senegal will be bound by the mining code in force at the time their title was awarded and , if applicable , at the time their mining contract was signed with the government .

32 January 2017