Guinea

Guinea, in Africa’s west, has significant potential for mining that remains mostly undeveloped.

Mining is a major source of the country’s foreign exchange. Guinea has abundant natural resources including 25% of the world’s high-grade bauxite reserves and a wealth of undeveloped mineral fields. It is a mining-friendly country with a mining regime that encourages foreign investment and exploration.

 

While there was some political unrest in the country in the lead-up to presidential elections in June, 2010, creating delays to work on our projects, the elections passed peacefully. Parliamentary elections will follow this and we anticipate that Guinea’s first elected government will be operational before the middle of 2011.

Guinea has almost 246,000 square kilometres of land. It forms a crescent by curving from its western border on the Atlantic Ocean toward the east and the south. Its northern border is shared with Guinea-Bissau, Senegal, and Mali, the southern one with Sierra Leone, Liberia, and Côte d'Ivoire. The Niger River arises in Guinea and runs eastward.

Guinea's 10 million people belong to 24 ethnic groups. Conakry is the capital, the seat of the national government, and the largest city.