Guinea has the world’s largest reserves of bauxite, the ore used to produce aluminum. Containing a content of alumina, Guinean bauxite reserves are estimated at over 40 billion tons, 23 billion tons of which are located in the Boké region.
Guinea has the world’s largest high-grade bauxite reserves – Financial Times
Guinea’s highly competitive level of output allows it to supply all major world markets.
The reserves are mainly located in the following regions: Boké, Kindia Fria, Boffa in Lower Guinea; Tougué, Pita, Mali, Mamou, Dalaba in the Fouta Djallon, in Middle Guinea; and Dinguiraye, Dabola and Siguiri in Upper Guinea.
Set to become a world leader in bauxite and alumina
Guinea holds substantial world-class reserves of bauxite, both in terms of quality and quantity, and was the world’s fifth highest producer of the ore in 2014 (source: World Bank, Commodity Markets Outlook, January 2016).
With the recent entry of a number of new industrial players into production and an increase in the production capacity of its current operators, the country has the capacity to reach an annual production level of 40 up to 60 million tons from 2018, with the ultimate goal of producing 100 million tons per year.
Guinea is very interesting: the quality of its bauxite deposits is much better given the concentration of minerals, the reserves are important, and it has low content of silica oxide which complicates the aluminum transformation – William Morrell, vice president of Global Emirates Aluminium (EGA), project Guinea Alumina Corporation (GAC)
The signing of major investment agreements since 2013 heralded the arrival of even more companies into Guinea, introducing a new surge in momentum for the bauxite industry. This growth confirmed the position of Guinea as a major player in the international market for bauxite and a destination for substantial investment.
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 a significant opportunity for mining companies – KPMG, Guinea Country Mining Guide
With key projects in the development phase and moving into production soon, Guinea is poised to become a leading global platform for the production of bauxite and alumina.
In parallel with the objective of significantly increasing production of bauxite, the country is implementing an ore processing strategy in unison with its technical and financial industrial partners.