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Although 80 percent of Guinea’s foreign exchange is bauxite, diamonds and gold are mined and exported on a large scale. Uranium, and fish are also exported from Guinea, but on a much smaller scale.
Guinea possesses an estimated one-third of the world's proven reserves of bauxite, and is the second largest bauxite producer. Bauxite is a rock consisting of aluminum oxides and hydroxides, and is a main component of aluminum. Bauxite is formed when rocks with a high content of feldspar is leached and washed away by tropical weathering. The Compagnie des Bauxites de Guinea (The Company of Bauxite, also known as CBG) is the main player in the bauxite industry...
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