On the sidelines of a tour of Upper Guinea, Guinea's gold-mining region, the Guinean Minister of Mines and Geology, Bouna SYLLA, visited the site of the Guinean Company for the Distribution of Explosives (SOGUIDEX). This company, which specializes in the manufacture and marketing of explosives for civilian use, is established in Bâtènafadji, a sub-prefecture located thirty-five kilometres from Kankan, the capital of the Savannah region.
Speaking to a reporter from the Guinean national TV, Hicham El Hargo, site director for SOGUIDEX, "thanked the Guinean state, the transitional president, and the minister of mines for their continuous support to mining companies and companies that manufacture products supporting mining activities". SOGUIDEX produces and markets explosives that are useful to mining companies in their activities. These are products "that are water-resistant, secure and intended to improve the performance of mining," Hicham El Hargo will say later.
For Minister Bouna Sylla, "The company continues to extend its activities, to invest more to increase the value chain which is a priority for the President of the Republic, General Mamadi Doumbouya..."
The Guinean Explosives Distribution Company supplies explosives mainly to gold mining companies operating in the region, namely the Siguiri Gold Company (SAG), the Mandiana Mining Company (SMM) and the Dinguiraye Mining Company (SMD). If SOGUIDEX seems to be taking off today under the leadership of foreign partners, it should be noted that it was created in 2001 by a Guinean, Mamady NABE. In 2024, he signed "a merger agreement" with the Compagnie Africaine des Explosives, based in Casablanca, Morocco. Following this agreement, Mamady NABE sold two-thirds of the company's assets to its Moroccan partner. But, over the years, the two partners have fallen out and found themselves before the Commercial Court of Conakry.