Morocco and Guinea sign a mining deal

Minister of Energy Aziz Rebbah held, Monday in Rabat, talks with his Guinean counterpart Abdoulaye Magassouba on ways to further bilateral cooperation in the field of mining and geology.

«This meeting offers the opportunity to draw a roadmap for cooperation on transformation, geology and local content, as well as to share expertise in this area within the framework of the partnership between Morocco and Guinea», Rebbah told reporters after the meeting.

The local content policy, elaborated by the Guinean government in collaboration with several partners notably regional banks, is intended to enable a stronger contribution by mining projects to the national economy and to build skills, mainly those of the mining industry's workers.

Rebbah highlighted the significant importance of the local content experience, underlining the need to set up an adequate financial framework, to transform the investment system towards one-stop shops regionally and nationally, as well as to work on mining crafts.

At the end of the meeting, a draft cooperation agreement was signed by the two ministers in the field of mining and geology.