Overview of the Extractive Industries of Guinea

Guinea has abundant natural resources, including 50% of the world's known bauxite reserves, along with diamonds, gold, and other metals. Until 1990 mining accounted for more than 20% of GDP, supplied over 90% of exports and provided 70% of fiscal revenues. Financial problems, however, hindered the bauxite/alumina sector since the late 1980s. In 2002, mining activities accounted for an estimated 17% of GDP, while mineral exports represented nearly 90% of total export earnings and 20% of domestic government income.

Status of EITI Implementation

Guinea is currently a Candidate Country. It now has until 9 March 2010 to undertake Validation.

Governance of EITI implementation in Guinea

The National Committee is a multi-stakeholder group in charge of implementation and follow up of the EITI in Guinea. A simplification of the EITI structures has been undertaken, eliminating the Executive Committee and reorganizing the subcommittees. Dr. Sid Mohamed Nabé is the Executive Secretary of EITI Guinea.

Guinea EITI National Coordinator

Dr. Sid Mohamed Nabé
Secretaire Executif
ITIE Guinée
Quartier Corontie
Enceinte de la Direction des Mines
Face au Gouvernorat
BP 5054
Conakry
République de Guinée
Tel: +224 63 40 55 19
Tel: + 224 60 27 12 04
Email: smohamednabe [at] yahoo [dot] fr

Further information about the status of EITI implementation in Guinea can be provided by Regional Director Tim Bittiger at the EITI International Secretariat.