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. Mr Mamadou Diaby is the Executive Secretary of EITI Guinea.

Guinea EITI Chairperson

Mr. Aboubacar Koly Kourouma,
Secretary General of the Ministry of Mines and Energy,
President of the EITI Steering Committee
EITI Board Member

Guinea EITI National Coordinator

Mr. Mamadou Diaby
Secretaire Executif
ITIE Guinée
Email: diabyitieyahoo [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.