Guinea’s mining potential is considered one of
the most significant in the world.
Peak Guinea has been active in the Mining sector since 2011, after being issued its first gold purchasing and Kimberley Process Certificate through B.N.E.
Registered with Central bank and through the Ministry of Mines and Geology, Peak holds accounts with Brinks and G4s (security) to facilitate exports to international refineries and current clients on a worldwide basis. In addition to using our own in house security and internationally recognized providers, Peak also holds insurance with Lloyds of London, which underwrites the risk whilst in transit.
As a well-established company within Guinea, Peak owns and operates an exploration license and has built considerable relationships within the communities it operates in. These relationships have been built out of trust and respect between both parties and continue develop.
- Accounts with Brinks and G4s (Export/Security)
- Account with International Refinery
- Insurance with Lloyds of London
- Registered Gold purchasing and KPC export licence (B.N.E)
- Internal manager and partner was head of bullion physical for Deutsche Bank Worldwide
- Expertise in IT system to trade physical online and hedging
- Internal manager and partner has worked on setting up the bullion vault in Singapore and London
- Exporting locally produced gold since 2011
There are an estimated few hundred tonnes of gold in Guinea in the form of primary and secondary deposits. These deposits are used for artisanal, semi-industrial and industrial purposes.
The diamonds sourced in Guinea are generally of a high quality with a marked predominance of jewellery-quality stones. Total resources are currently estimated at 25-30 million carats, but actual potential is unknown at present.
Guinea is the second-largest producer of bauxite in the world. Resources have been estimated at 29 billion tonnes per year, which would allow production to continue for 16 centuries at the current rate.
Guinea’s mineral resources have been left largely unexploited, but due to a strengthening of legal frameworks and administrative capacity, they are now set to play a key role in development and represent major investment opportunities in the sector.