Guinea is an important producer of bauxite, diamonds, and gold, with sizeable untapped iron ore reserves. The mining sector contributes significantly to government revenues, mainly through corporate income tax and mineral royalties. As of 2021, Guinea holds a “satisfactory” grade in the Resource Governance Index.
Main Mining Products
- Iron ore
What Are We Doing in Guinea?
In December 2019, we began a Deep Dive engagement with Guinea to provide technical assistance to address tax base erosion and profit shifting (BEPS) risks in the mining sector. The first phase was completed in 2020. We paused our program in 2021 and started a second phase in May 2022.