The mineral economy of Guinea.
Morgan-GA; Izon-D; Sow-NO
Washington, DC: U.S. Department of the Interior, Bureau of Mines, MP 3-92, 1992 Jul; :1-24
Guinea is the second largest producer of bauxite in the world and possesses the world's largest known resources of that commodity. Guinea's economy is dominated by bauxite, with minor production of diamonds and gold, which together account for about 90 pct of the country's foreign exchange earnings. Large resources of high-grade iron ore also exist, but their development remains uncertain owing to lack of infrastructure, cost, and regional difficulties. Information available to the Bureau of Mines indicates that potential for expansion of output of bauxite is good, given adequate infrastructure and demand. Further downstream processing to alumina and aluminum likewise remains a goal, having the additional dependency of new electric power capacity. Increased output of gold is dependent upon investment funding. A review of mining policy is underway by the government, which, coupled with a continuation of privatization schemes for government services, may lead to increased exploration, development, and diversification of the mineral industry.
Commodity-management; Gold; Diamond; Iron; Aluminum-oxide; Reserves; Africa; Legislation; Labor; Infrastructure; Transportation; Government-policies; Bauxite; Mineral-economics
NTIS Accession No.
Washington, DC: U.S. Department of the Interior, Bureau of Mines, MP 3-92