Guinea's Mining Industry: Attracting Investors.
Guinea has a significant mineral potential considered as one of the levers of the national economy. As such, the mining sector has been placed at the heart of a vast and profound process of reform aimed at strengthening its impact on the national economy, and more generally on the socio-economic development of the country.
As a priority growth sector along with Agriculture and Energy, the Guinean mining sector is based on a concentration of mineral resources, recognized as one of the most important in the world: bauxite (+ 40 billion tonne of bauxite in 40 % Al2O3), iron ore (+20 billion tonne of high quality), gold (several thousand tonne), diamond (generally of jewelry quality) and important indices of uranium, graphite, copper and oil.
Mines contribute 12 to 15% of Guinea’s GDP through several forms.