Guinea

Candidate country (Suspended) http://www.guinee.gov.gn/itieg.php Overview of the Extractive Industries Guinea has abundant natural resources, including 50% of the world's known bauxite reserves, along with diamonds, gold, and other metals. Until 1990 mining accounted for more than 20% of GDP, supplied over 90% of exports and provided 70% of fiscal revenues. Financial problems, however, hindered the bauxite/alumina sector since the late 1980s. In 2002, mining activities accounted for an estimated 17% of GDP, while mineral exports represented nearly 90% of total export earnings and 20% of domestic government income. Status of EITI Implementation Guinea has voluntarily suspended its EITI Candidate status in the EITI starting from 19 December 2009, following the EITI Board's approval. The Government of Guinea and the EITI Guinea Steering Committee in Guinea had unanimously made this request in view of the difficult political situation in the country. Meanwhile, they informed the Board of their intention to continue unilateral EITI implementation during suspension. Guinea’s Candidate status is suspended for up to one year. During this time, Guinea is listed as ‘EITI Candidate country – Suspended’. Implementation of the EITI continues during suspension.Governance of EITI implementation in Guinea The Steering Committee is a multi-stakeholder group in charge of implementation and follow up of the EITI in Guinea. A simplification of the EITI structures has been undertaken, eliminating the Executive Committee and reorganizing the subcommittees. The Secretary General of the Ministry of Mines and Energy, Aboubacar Koly Kourouma, chairs the EITI Steering Committee. Mr. Mamadou Diaby is the Executive Secretary of EITI Guinea. Guinea EITI National Coordinator Mr. Mamadou DiabySecretaire ExecutifITIE GuinéeEmail: diabyitie [at] yahoo [dot] frTel. +22460230057 Companies operating* Oil & gas companies:  Mining companies: Alcoa*, AngloGold Ashanti*, BHP Biliton*, Vale*, Rio Tinto*, RUSAL, Societe Semafo, Crew Gold, Mitsubishi, Bellzone, Gold Fields*, Chalco.* EITI Supporting Company * Note: Company list based on EITI research and is not conclusive Further information about the status of EITI implementation in Guinea can be provided by Regional Director Tim Bittiger at the EITI International Secretariat.