Mining Investment Opportunities in Senegal

Mineral
Investment
Framework in
Senegal
Senegal: Mining Investment
Framework & Opportunities
Mr. Ousmane CISSE
Director of Mines & Geology
3rd NOVEMBER 2011
Gateway to Africa
Savoy Place, London
Outline
1.
Mineral Law & Policy Framework
2.
Current Mineral Potential
3.
Mining Industry
4.
Conclusion
Mineral Law & Policy



Mineral law based on the French civil law
Mining Code: Law N°2003-36 of 23 November, 2003 and Regulations
(Decree) N°2004-647 of 17 May, 2004
 Mining Convention
 Reduction of transaction costs:
Mineral Policy Statement of 6 March, 2003
 Create a favourable and enabling climate to attract foreign direct
investment
 Make and enforce laws and rules
 Adjudicate rights, liabilities and penalties in a simple, clear, transparent
and non discriminatory system
 Act essentially as an institution of support for the private investors
 Total absence of monopoly of the state on any mineral resource in Senegal
Mineral Resources
Gold hotspots
“The hunt is still on for underexplored Birimian
Greenstone belt, with large swathes lying
untouched across West Africa (…) Emergent
gold districts in the area include Senegal”
(Mining Journal special publication – Gold exploration,
September 2011)
Minerals
Mauritania
Heavy
Mineral
Sands
Peat
Phosphates
Cement
Industries Clays
& Limestone
Metal
Ores
Mali
Heavy
Mineral
Sands
Marbles
Uranium
Heavy
Mineral
Sands
Phosphates
Guinea-Bissau
Iron
Ores
Guinea
Gold
Senegal recently has
recorded promising
geological surveys that are
ramping up interest in
mineral exploration.
Mining Industry
THANK YOU
Email: [email protected] or
[email protected]