EG Ronda Mining
Direct negotiations are now open
The Ministry of Mines and Hydrocarbons of the Republic of Equatorial Guinea has introduced an open door policy and invites all national and international mining companies to participate in the new licensing process through direct negotiation with the State.
Application Process:
- Send expression of interest directly to the MMH at: mining@egronda.com
- Optional: visit data room.
- Applicants are requested to submit:
- Name(s) of applicant(s) and proposed operator.
- Block applied for.
- Technical evaluation of the block.
- Operator’s technical, financial and legal capabilities.
- Commercial offer.
- HSE statement.
- The Ministry will evaluate the applications on a first-come-first-serve basis.
*Detailed Information can be found under Licensing Procedure heading: “Application Guidelines, PDF document.”
Results of EG Ronda 2019 License Round
The EG Ronda 2019 concluded with the awarding of eight mining licenses to carry out mining prospecting & exploration operations in the search for: gold, nickel, iron, platinum group elements (PGE), rare earth elements (REE) & chromium. As well as, it was awarded the first exploitation license for gold in the areas of Binguenguen & Coro.
| Company | Blocks | Activity | Minerals |
|---|---|---|---|
| Blue Magnolia | K | Exploration | Gold |
| Shefa Gold | H,I,N,O | Exploration | Gold, Nickel, Iron, Platinum Group Elements(PGE), Rare Earth Elements (REE), Chromium, Aluminium |
| Shefa Gold | H,I | Exploitation | Gold |
Equatorial Guinea Mining Licensing
Data Library
The Ministry of Mines and Hydrocarbons maintains a comprehensive database of exploration work carried out since the 1970s. The data associated with mining activity correspond to previous studies of geology, geochemistry and geophysics:
- Geochemical data (Multi-element analysis.)
- Rock samples (Chemical and Mineralogical analysis.)
- Geological and mineralogical maps.
- Remote sensing images.
- Reports.
- Fieldwork, photographs.
- Geophysical Data (Airbone Magnetics, Radiometrics and EM.)
The Data Rooms are hosted by Perceptum, at 33 Cavendish Square, Landmark, London, UK. W1G OPW. For more information please visit: www.egronda.com and www.perceptumlimited.com
How to Book a Data Room:
- Request data room access by completing the letter template PDF for download located down below. Please, specify: company name, blocks of interest and contact details.
- Email letter to: mining@egronda.com
- MMH will grant data room access by email notice.
- Data room booking date: companies can engage directly with Perceptum Ltd. By email or phone to agree dates for visit.
- Sign a Non-Disclosure Agreement (NDA) and Data Room Rules.
- Companies are allowed to take some screenshots away.
- Companies can license data at any time.
Licensing Process
For Application Guidelines go to Download our PDF Documents.
All companies should:
- Management experience of past mining operations in environmentally sensitive areas.
- Will be subject to the Tax Law of the Republic of Equatorial Guinea.
- The applicant must demonstrate experience in the areas of safety, environmental protection, as well as employment, integration and training of national personnel.
Legislation
The 2019 Mining Code establishes the regulatory provisions governing the mining sector. The Mining Law is administered and applied by the Ministry of Mines and Hydrocarbons.
The Mining Regulations of 2020 establishes the procedures and standards that must be observed in prospecting, exploration and exploitation operations in the Republic of Equatorial Guinea.
Taxes, Fee and Government Participation
- The holders of the Mining Contracts, Licenses or Authorizations will be subject to the Tax Law of the Republic of Equatorial Guinea.
- Non-resident entities are subject to 10% withholding tax on gross income derived from Equatorial Guinea.
- Corporate Income Tax rate of 35% on profits.
- Royalties are stipulated in each respective Mining Contract, capped at a maximum rate of 5%.
- Surface Area Fees charged annually at $1, $2.5 & $5 per hectare for Prospecting Exploration and Exploitation Contracts respectively.
- Temporary import of equipment free of charge.
Geology and Mineralization
Rio Muni contains four geological terrains: the Ntem, Monts De Cristal (‘MDC’), the Noya Series and the coastal strip. Ntem and MDC are Archean terrains and form the northwest margin of the Congo Craton. The Noya series comprises Neoproterozoic metasediments and the youngest rocks are found in sediments from the Cretaceous coastal belt.
The Ntem and MDC terrains are typical green rocks with 1st order shear and are, therefore, prospective for mesothermal gold deposits similar to those elsewhere in the Congo Craton. Coarse-grained alluvial gold is produced by artisanal miners in many places and particularly in Coro, Aconibe and Mongomo. Alluvial gold is thick and angular and is produced in association with vein quartz and lateritic material indicating a proximal source.