Mining in Guinea
The Republic of Guinea is a democratic and mining rich West-African country with an improving stable and safe political environment.
The country has been recovering from Ebola with a strong economic growth of 6.6% in 2016 and projected at 6.7% in 2017.
Mining is the main economic sector, accounting for over 70% of the country’s exports. Most of the mining activity is associated with the exploitation of Guinea’s huge bauxite reserves, and the diamond sector remains relatively unexplored compared to its West-African neighbours.
Guinea has developed an attractive and currently stable investment environment – with a new mining code since 2011 – and led by China, which agreed in September 2017 to a $20bn loan for infrastructure and mining projects over the next 20 years.