The government of Guinea has introduced a new regulatory framework for the export of gold and precious metals. On October 3, 2026, President Mamadi Doumbouya signed decree D/2026/0298/PRG/SGG, which outlines specific rules for the export of gold and precious metals that have been refined or processed in the country. The decree aims to improve the traceability of gold production, combat illicit trafficking, and promote local processing of mineral resources.
The new regulations designate the Guinean Office of Expertise for Gold, Diamonds, and Other Precious Materials (OGE) as a central authority in the export process. Any company authorized to export gold must submit its application to the OGE. The application can only be processed if the metal has been refined or processed in an approved facility in Guinea. The export dossier must include details such as the net weight of the gold, a certificate of refining or processing, and information on transportation.
The decree also provides for reinforced controls before the gold leaves the country. Several public administrations and structures, including the Central Bank of the Republic of Guinea (BCRG), the General Directorate of Customs (DGD), the OGE, and the Precious Materials Anti-Fraud Brigade, will participate in the control process. After refining, the gold intended for export must be weighed, packaged, and sealed directly at the refinery under the supervision of the relevant services.
The regulations also cover fiscal obligations related to exports. The tax applicable to industrial or semi-industrial production must be fully paid before the gold is shipped. The fiscal liquidation will be determined based on the weight and content of the refined metal, with a valuation based on the London Bullion Market Association (LBMA) afternoon fixing. Refineries installed in Guinea must transmit their production and assay reports to the competent institutions.
The decree specifies that the new regulations come into effect immediately, and the text will be published in the Official Journal of the Republic. The authorities aim to strengthen control of the gold value chain, improve export traceability, and increase local processing of mineral resources. The regulations are part of a broader regulatory framework to govern the exploitation and commercialization of the country's mineral resources.
The Guinean government has been working to improve the management of its mineral resources, including gold, which is a significant contributor to the country's economy. The new regulations are expected to help increase revenue for the state and promote sustainable development in the mining sector. The decree was announced by government spokesperson François Bourouno on national television.
The implementation of the new regulations will be monitored by the relevant authorities, and an arrêté conjoint will be issued to specify the distribution of fees related to control and certification operations. The Guinean government has emphasized its commitment to transparency and accountability in the management of its mineral resources, and the new regulations are seen as a step in this direction.
Key points
- The decree introduces reinforced controls on gold exports, including a central role for the Guinean Office of Expertise for Gold, Diamonds, and Other Precious Materials (OGE).
- The regulations aim to improve the traceability of gold production, combat illicit trafficking, and promote local processing of mineral resources.
- The new regulations come into effect immediately and will be published in the Official Journal of the Republic.
