Guinea's Minister Director of the Presidential Cabinet, Djiba Diakité, has called on international investors and partners to attend the upcoming Simandou Mining Summit on November 11, 2026, on Kassa Island. The summit aims to showcase Guinea's mining and economic opportunities under President Mamadi Doumbouya's leadership. Diakité emphasized the historical significance of Kassa Island in Guinea's mining sector and the government's goal to make the extractive industry a driver of economic transformation.
The summit is part of the government's efforts to mobilize investors and partners, with Diakité highlighting the potential for Guinea to avoid the "Dutch disease" and use mining revenues to drive development. He cited the Simandou mega-project and Nimba Mining Company as examples of successful initiatives. The minister invited investors, entrepreneurs, and partners to attend the summit, which aims to facilitate exchanges and concrete project development.
Diakité stressed that the summit will provide a platform for showcasing Guinea's opportunities and development strategies. He encouraged attendees to come with project ideas and investment decisions, with the goal of making the summit a regular event, potentially every two years. This would enable Guinea to present its best offers to the world and demonstrate its readiness for investment.
The minister expressed his conviction that Guinea is currently in a favorable period for investment, urging economic operators to seize opportunities now rather than waiting for all development conditions to be in place. He emphasized that visionary entrepreneurs and businessmen do not wait for a country to be fully developed before investing.
Diakité recalled the historical significance of Kassa Island, where the first bauxite from the Republic of Guinea was extracted through the Bauxite du Midi company. He noted that the island still bears the traces of this early mining activity, with existing infrastructure such as quays and storage buildings.
The minister's call to action comes as Guinea prepares to host the Simandou Mining Summit, which aims to bring together investors, entrepreneurs, and partners to explore opportunities in the country's mining sector. The event is expected to provide a platform for networking, deal-making, and knowledge sharing.
Diakité concluded by emphasizing the importance of collective intelligence in driving Guinea's development, citing the country's potential to become a major player in the global mining industry. He expressed his hope that the summit will lead to concrete initiatives and investment decisions, marking a significant step towards realizing Guinea's economic ambitions.
Key points
- Guinea's Minister Diakité urges investors to attend Simandou Mining Summit to seize opportunities in the country's mining sector.
- The summit aims to showcase Guinea's mining and economic opportunities under President Mamadi Doumbouya's leadership.
- Diakité emphasizes the need for collective intelligence in driving Guinea's development and avoiding the "Dutch disease".
