Holders of a Mining Title and their direct Subcontractors are subject to exchange control regulations in force in the Republic of Guinea. They must repatriate their foreign exchange earnings, from the export of Mineral Substances, into accounts with the Central Bank of the Republic of Guinea (BCRG) opened in the books of a first-class foreign bank.
Appropriate banking arrangements are made with the BCRG in this regard to cover expenditure in Guinean francs, open currency accounts, and for any type of foreign transaction, including payments to foreign suppliers of goods and services necessary to conduct Mining Activities, as well as for debt servicing.