The World Bank has urged Guinea to use the revenues from the exploitation of the largest iron ore reserve on earth to diversify and build a stronger economy.
Guinea expects a proposed $425 million International Monetary Fund program to boost income from its Simandou iron-ore project and the broader mining industry, the nation’s finance minister said.
A Guinean appeals court reduced former Prime Minister Ibrahima Kassory Fofana’s prison sentence to three years and nine months, allowing him to remain free after he spent four years in pretrial detention on illicit enrichment and money laundering charges.
A general view of Conakry on September 3, 2025, ahead of the constitutional referendum on September 21, 2025. The junta-ruled west African country holds a referendum on September 21 that is in theory due to open the way for a return to civilian rule after the military seized power in 2021 (Photo by PATRICK MEINHARDT / AFP) (Photo by PATRICK MEINHARDT/AFP via Getty Images)
Guinean President Mamadi Doumbouya announced a ban on raw gold exports, in an effort to boost local processing of the metal and help the domestic economy.
China’s aluminum industry is preparing for significant disruption to its raw materials supplies after Guinea, the world’s biggest bauxite producer, said it’s finalizing plans to limit exports of the ore.
A worker holds high grade raw bauxite at the Sangaredi bauxite mine operated by Compagnie des Bauxites de Guinee (CBG) near Boke, Guinea on Tuesday, Sept. 8, 2015. With 43 percent of its population of 12 million living on less than $1.25 a day, Guinea ranks amongst the most impoverished countries in the world, according to World Bank data.
Guinea, the world’s largest producer of bauxite, is in discussions with miners about plans to control the volume of ore supplied to the market and protect the country against a slump in prices.
A worker watches as a digger unloads raw bauxite into a truck at the Sangaredi bauxite mine operated by Compagnie des Bauxites de Guinee (CBG) near Boke, Guinea on Tuesday, Sept. 8, 2015. With 43 percent of its population of 12 million living on less than $1.25 a day, Guinea ranks amongst the most impoverished countries in the world, according to World Bank data.
Guinea’s military government has dissolved 40 political parties, including the main opposition groups, adding to the number of parties banned since the country’s 2021 coup.
Guinea's president-elect Mamady Doumbouya salutes the military at the inauguration ceremony in Conakry, Guinea, Jan. 17, 2026. Mamady Doumbouya was officially sworn in as president of the Republic of Guinea for a seven-year term on Saturday, in accordance with the provisions of the country's new Constitution. (Photo by Zhang Jian/Xinhua via Getty Images)
Guinea has signed a $143 million memorandum of understanding with the US to boost health systems in the West African nation, Finance Minister Mariama Ciré Sylla said in a video posted on Facebook.
Health workers from the Guinean Ministry of Health prepare forms to register medical staff ahead of their anti-ebola vaccines at the N'zerekore Hospital on February 24, 2021. - Nzerekore Hospital was where the first cases of Ebola were found at the end of January 2021. Guinea launched an Ebola vaccination campaign on February 23, 2021, after a fresh outbreak of the deadly disease struck the country this month, with officials hoping to eradicate the virus in six weeks. (Photo by CAROL VALADE / AFP) (Photo by CAROL VALADE/AFP via Getty Images) Photographer: CAROL VALADE/AFP
Guinea’s former military leader Mamadi Doumbouya has been sworn in as president for a seven-year term, marking a return to constitutional order in the West African nation four years after a putsch.
Guinea’s military leader Mamadi Doumbouya won a widely expected victory in Dec. 28 elections from which several opposition figures were barred from running.
A United Arab Emirates-based company that says it is Guinea’s second-largest bauxite producer filed a $28.9 billion claim against the West African nation for revoking its mining rights.
Crushed bauxite at a treatment plant in Kamsar, Guinea. Photographer: Waldo Swiegers
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