Guinea Expands Its Mining Horizons Through an International Gold Partnership

Guinea’s state-owned Nimba Mining Company (NMC) has signed a Memorandum of Understanding (MoU) with Africa-focused gold producer Resolute Mining to co-develop gold projects across the country. This marks NMC’s first international partnership since its establishment in 2025, reflecting Guinea’s strategy to strengthen its gold sector and diversify its mining activities.

The MoU aligns with the national Simandou 2040 development plan, which aims to attract $200 billion in investments over 15 years, with approximately 40% expected from private sector contributions. Resolute Mining, with experience producing over 9 million ounces of gold from ten mines, brings the technical and financial capacity needed to unlock Guinea’s untapped gold potential.

Under the agreement, NMC and Resolute will jointly conduct mineral assessments, geological studies, and establish frameworks for large-scale production, with preliminary evaluations expected within 90 days.

NMC CEO, Patrice L’Huillier, said:

“This partnership with Resolute will allow us to launch our gold projects in line with the State’s directives outlined in the Simandou 2040 Program and the vision of the Ministry of Mines and Geology, which acts as NMC’s technical supervisor.”

The agreement reflects Guinea’s broader efforts to reduce reliance on its bauxite sector, while the $20 billion Simandou iron ore project – one of the world’s largest untapped deposits – has already shipped its first ore in December 2025, demonstrating the success of the diversification strategy.

At the same time, Guinea’s gold sector offers significant growth potential. Artisanal gold production alone is valued at approximately $300 million, while industrial output continues to expand. AngloGold Ashanti’s Siguiri mine produced 289,000 ounces in 2025, and Robex Resources’ Kiniero mine reached commercial production in February 2026, with an annual capacity of 154,000 ounces.

Chris Eger, CEO of Resolute Mining, added:

“This partnership reflects our commitment to investing in Guinea – a jurisdiction where we see the potential to develop a fourth mine – and to sharing value with all stakeholders for sustainable projects.”