On 21st October a delegation from the Ministry for Mines appeared in the Senate before the Permanent Commission on Energy, Industry, Mines and Tourism, in order to provide clarification on specific points of the Draft Law for Mines in the Republic of Equatorial Guinea.
Appearing was the sector delegation for Mines and Hydrocarbons, led by the Secretary of State, Santiago Mba Eneme, and accompanied by the Second Vice Prime Minister of the Government, Charged with Parliamentary Relations and Judicial Affairs, A�ngel Mesue Mibuy. The delegation appeared regarding the Draft law for Mines, containing an explanation of reasons, seven headings, thirteen chapters, nine sections, and one hundred and twenty-five articles, one transitional, one repeal and two final provisions.
During the presentation, which was overseen by the President of the Senate, Teresa Efua Asangono, the member of the Government clarified that the new economic situation and the current crisis had motivated the Department for Mines, in consonance with the aims of the Government outlined at the Third national Economic Conference, regarding industrialisation and economic diversification, to make a detailed study of the current law, in order to make it a tool of a technical nature, capable of responding to the economic circumstances of the times.
Another reason for the draft law is to move from uncontrolled subsistence small-scale mining to controlled industrial production in order to provide greater visibility to mineral resources, with the State benefiting from the profits.
For the Government of our country, the draft law is the most appropriate and aims to repeal the Law on Mines No. 9/2006, of 3rd November, as it has become obsolete, lacking aspects such as mining rights and related subjects, the control of the exploitation of aggregates, the marketing of minerals, the geological service and national content, the abandonment plan, and the implementation of free small-scale mining exploitation in favour of our national compatriots and others, which requires the new policy implemented by the State via the Government, consisting in increasing mining activities, with the aim of boosting the sector. It is for that reason that the Minister for Mines and Hydrocarbons has deemed it necessary to propose the repeal of the current legal instrument, in order to adapt to the demands of current and future times.
Finally, the Secretary of State for Mines underlined the fact that this draft law brings together all the legal qualities in order to respond to current and future demands of the sector throughout the nation.
The Senators then presented to the Government delegation the list of concerns and observations gathered during the study under second reading of this legal tool, and then agreed a subsequent appearance, in which a response will be provided.
Source: Official Web Page of the Government of the Republic of Equatorial Guinea