BAUXITE & ALUMINA CONF: Guinea seeking to diversify, grow economy using mining

The government of Guinea is seeking to develop and integrate its mining sector in order to use the country’s mineral resources to secure diversified domestic economic growth, according to the west African country’s minister of mines and geology.

Abdoulaye Magassouba told delegates to Fastmarkets’ 25th annual bauxite and alumina conference in Miami, on Tuesday March 26, that a key driver for his government was to ensure the integration of as much as possible of the mining sector into the general economy. “Our main goal is to use mining to develop and diversify the rest of the economy, so that, in 10-20 years’ time, Guinea has a much larger gross domestic product [GDP] due to the contribution of the mining sector,” he said. Magassouba referred to agriculture, transportation and technology as areas of the country’s economy that the government was seeking to develop. Guinea’s GDP rose on average by 10% in 2016 and 2017, compared with a contraction of 1.5%...

Published

Andrea Hotter

March 26, 2019

20:45 GMT

Miami