20Nwews

Local Content Policy for the Simandou integrated mining and infrastructure project
8. Policy Statement
POLICY VISION
The vision is:
• to be a catalyst for socio-economic development
in Guinea, using the project’s footprint and local
content as an engine for growth;
• to develop a capable and responsive local supply
base that over time can meet international
standards thereby allowing for more complex goods
and services to be sustainably provided locally to
Simandou and other mining projects; and
• to employ an increasing number of Guinean
nationals, across the Project’s footprint for a range
of capacities, skills and positions.
POLICY OBJECTIVE
The objectives are:
• to increase domestic linkages and hence the overall
benefit to the Guinean economy regardless of the
level of Guinean ownership
• to develop a sustainable domestic supply and
procurement network for the Simandou project,
increasing over time the range of the supply
categories; and
• to increase over time the direct employment of
Guineans in the Simandou Project, at all skills and
position levels, including un-skilled, semi-skilled and
skilled labour, technical and supervisory staff, and
upper management.
POLICY ACKNOWLEDGEMENT
APPLICATION
The Simandou local content policy applies to Guinean
registered businesses and Guinean labour who are
or have the strong potential to supply goods and or
services to the Simandou Project.
PROJECT ENTITIES
This Simandou local content policy is to be adhered
to by Simfer S.A., the Infrastructure Owner,
Infrastructure Operator and Project Suppliers and
Contractors.
EFFECTIVE DATE AND REVISIONS
The local content policy is effective from the date of
signing. This policy will be reviewed and revised, where
appropriate, to reflect changing project circumstances
(e.g. following selection of the Infrastructure
Consortium) and to provide an update on progress.
REGULATORY FRAMEWORK
This local content policy is consistent with the rights
and obligations as defined under the terms of the BOT
Convention and the Basic Convention.
The Conventions define the legal and commercial basis
for investment in the Simandou Project. Given the
exceptional scale of investment, the State has agreed
to guarantee the rights and obligations of each of the
Project Partners are stabilised from the Effective Date
of the Conventions, being 18 August 2014.
The creation of local content within the context of
the Simandou Project is dependent upon a tangible
co-commitment from the State with the facilitation
of its development partners, the Project, its investors
and lenders, and other private institutions to work
responsibly and productively with local suppliers and
the communities in which they operate.
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