AFRICA
Can you give us an overview of national industry developments and investment ? The Ministry of Mines and Geology has implemented comprehensive and courageous structural and institutional reforms to enhance productivity , accountability and sustainability in the extractive industry . Those steps include among others :
The modernisation of its mining cadaster which is now available online at www . guinea . miningcadastre . org
The creation of a one-stopshop for mining projects , with an internet portal covering all relevant information on permits and authorisations . In total , 107 permits and various authorisations issued by 13 ministerial departments during the year 2016 can be found on the portal .
The implementation of the Master Plan for Mine-Related Infrastructure Development , notably through the signing of the agreement to pool infrastructures related to mines between major companies such as CBG , GAC , Rusal Dian-Dian and the State .
The establishment of a fully operational National Mining Commission for greater transparency .
The consolidation of these reforms initiated since 2010 has favored investment commitments in 2016 of more than $ 2.4 billion in the bauxite industry alone . Mining companies such as Dadco , Alcoa , Emirates Global Alumina , Anglo Gold Ashanti , Managem have all heavily invested in the Guinean mining Mining . Lenders such as IFC , Société Générale , BNP Paribas , UFK , Overseas Private Investment Corporation , Société Générale de France , Natixis , Crédit Agricole , ING , Africa Finance Corporation have in the past year alone financed many major mining projects in Guinea .
Production in the bauxite industry is predicted to reach 60 to 80 million tons by 2020 . Production in the gold Mining is expected to reach 65 millions tons by 2020 .
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