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Mixed result for Guinea’s minieral sector

Production of various minerals recorded mixed results in Guinea in 2010, according to the country’s Ministry of Finance.

It said the production of alumina during the second quarter of 2010 reached 182,046 tons, representing an increase of 49.2 per cent over the same period in 2009.

The increase is said to be as a result of the recovery of demand in the international market.

Similarly, the volume of gold production reached 209,460 ounces, representing an increase of 6.6 per cent over the same period, while that of diamond (71,001 carats) dropped by 66.1 per cent, compared to 2009.

However, while gold production increased by 63.9 per cent in the first half of 2010, reaching 439,045 ounces, it fell by 48.7 per cent in the second quarter, when compared to 2009.

Production of bauxite has been fluctuating, reaching 787,013 tons in the first quarter of 2010, which is a 21.2 per cent increase over the same period in 2009 thanks to the “recovery in global demand “, and then decreasing by 8.7 per cent in the second quarter ”because of significant decline in investment”.

In addition, energy production increased by 1.8 per cent during the second quarter, to reach 135, 621 MWh, while that of gas, estimated at 19.62 million m3, dropped by 25 per cent compared to the same period in 2009.


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