Guinea has some of the world’s largest high-grade bauxite and iron ore reserves, but has been largely unable to benefit from its mineral resources, due to sustained instability, political risks and lack of infrastructure.
The government instability has increased markedly since the failed coup in 2011 and continues to be the biggest impediment in Guinea’s economic growth.
Guinea holds in excess of a quarter of global bauxite reserves and has large quantities of high-grade iron ore reserves, with most reserves exceeding 60 percent grade. These deposits are largely untapped and thus present significant opportunity to mining companies. The West African nation is expected to become the world’s fourth-largest bauxite producer by 2017.