Guinea is an important producer of bauxite, gold, and diamonds, with large untapped reserves of iron ore. The mining sector contributes significantly to government revenues, mainly through Corporate Income Tax and mineral royalties. In 2017, it contributed to 32% of total government revenues. Guinea’s mining sector governance improved in the 2019 country update of the Resource Governance Index.
- Iron ore
What Are We Doing in Guinea?
In December 2019, we began our engagement with Guinea to provide technical assistance to address BEPS risks in the mining sector.