No guts, no glory in Guinea Rapidly evolving region challenges miners in search of great rewards

摘要

The Republic of Guinea is a two-year-old democracy with a vast wealth of natural resources and an atmosphere of perpetual change. The country is now, more than ever, one of the most closely watched mining jurisdictions in the world. Mining accounts for about 20 per cent of Guinea's US$11.6 billion GDP and over 80 per cent of its exports. The sector also provides between 20 per cent and 25 per cent of government revenue and employment in direct and indirect jobs, according to the World Bank. Guinea is the world's top exporter of bauxite, has massive underdeveloped iron ore reserves and is one of the top five gold producers in West Africa.