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In recent years, the mining industry in Guinea has suffered from controversy, specifically with respect to the iron ore mining industry and the block of mines in Northern Guinea. [8] In 2019, the country was the world's 3rd largest producer of bauxite. [9] In 2023, Guinea became the top source of bauxite for China. [10]
The economy of Guinea is dependent largely on agriculture and other rural activities. [5] Guinea is richly endowed with minerals, possessing an estimated quarter of the world's proven reserves of bauxite, [6] more than 1.8 billion tonnes (2.0 billion short tons) of high-grade iron ore, significant diamond and gold deposits, and undetermined quantities of uranium.
Compagnie des bauxites de Guinée (CBG) is a Guinean mining company. Since 1963 it has extracted bauxite from the notable mine in Sangarédi, in Boké Region in Guinea.It is 49% owned by the Guinean State, with the remainder owned by the Boké Investment Company, a 100%-owned subsidiary of Halco Mining, a consortium opened in 1962 by Harvey Aluminum Company to run mining operations in Guinea.
The regulation of mining in Equatorial Guinea is handled by the Ministry of Mines, Industry, and Energy, which oversees activities in the mining and petroleum industries. [1] Petroleum exploration and production is the core of Equatorial Guinea's economy, and accounts for over 90 percent of Equatorial Guinea's national income.
The mining industry in Guinea is the source of both its wealth and corruption at all levels of government. Guinea has massive bauxite reserves as well as untapped gold, diamond and uranium deposits. International mining companies control much of Guinea’s mining wealth [32] and there are over two dozen such companies involved in the industry ...
Mining in Guinea-Bissau is limited to small-scale production of construction materials, such as clays, granite, limestone, and sand and gravel. [1] The country's prospective minerals include bauxite , diamond , gold , heavy minerals , petroleum , and phosphate rock .
The Kalia mine is a large iron mine located in central Guinea in the Faranah Region. Kalia represents one of the largest iron ore reserves in Guinea and in the world having estimated reserves of 6.16 billion tonnes of ore grading 54.1% iron metal.
Mining industry of Equatorial Guinea; Mining industry of Eswatini; G. Mining industry of the Gambia; Mining industry of Ghana; Mining industry of Guinea;