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== Economy == {{Main|Economy of Guinea}}As of the most recent survey in 2018, 66.2% of the population is affected by [[Multidimensional Poverty Index|multidimensional poverty]] and an additional 16.4% vulnerable to it.<ref name=":12" />[[File:Fisher women on River Niger in Guinea, Africa.jpg|thumb|upright=1.15|Malinke fisher women on the Niger River, [[Niandankoro]], [[Kankan Region]], in eastern Guinea]] [[File:Kissidougou market.JPG|thumb|upright=1.15|[[Kissidougou]] market]] === Agriculture === The agriculture sector at some point employed approximately 75% of the country. The rice is cultivated in the flooded zones between streams and rivers. The local production of rice is not sufficient to feed the country, so rice is imported from Asia. Guinea is one of the emerging regional producers of apples and pears. There are plantations of grapes, pomegranates, and more recent years have seen the development of strawberry plantations, based on the vertical hydroponic system.<ref>{{Cite journal|last=Madiou|first=Sow|title=Impact on agricultural productivity in Guinea of R&D Investment, Foreign Aid and Climate Change|url=https://twasp.info/journal/Cf9659eX/impact-on-agricultural-productivity-in-guinea-of-rd-investment-foreign-aid-and-climate-change|journal=North American Academic Research|year=2020|volume=3|pages=86–106|doi=10.5281/zenodo.3611652|s2cid=244984398 }}</ref> === Natural resources === Guinea has 25% or more of the world's known [[bauxite]] reserves. It has diamonds, gold, and other metals. The gold production of Guinea in 2015 is 17 metric tonnes.<ref>{{Cite web |title=Our world in data- Gold production |url=https://ourworldindata.org/grapher/gold-production?tab=table}}</ref> Bauxite and [[Aluminium oxide|alumina]] are the most major exports. === Mining === {{main|Mining industry of Guinea}} [[File:Guinea Product Exports (2019).svg|upright=1.3|thumb|right|A proportional representation of Guinea exports, 2019]] Guinea possesses over 25 billion [[tonne]]s (metric tons) of [[bauxite]]—and perhaps up to one half of the world's reserves. Its mineral wealth includes more than 4-billion tonnes of high-grade iron ore, and diamond and gold deposits, and [[uranium]].<ref>'How a diamond tycoon lost his shine in 'difficult places' A bribery case goes beyond a mine in Guinea' Article by Rachel Millard in The Sunday Times 25 August 2019. Report on huge corruption in Guinea and the trial of diamond mogul Beny Steinmetz in Switzerland, alleging millions of dollars paid in bribes to Madamie Toure, wife of the late Lansana Conte.</ref> Joint venture [[bauxite mining]] and alumina operations in north-west Guinea historically provide about 80% of Guinea's [[Foreign exchange reserves]]. Bauxite is refined into [[alumina]], which is later [[smelting|smelted]] into aluminium. The ''[[Compagnie des Bauxites de Guinée]]'' (CBG) exports about 14 million tonnes of high-grade bauxite annually. CBG is a joint venture, 49% owned by the Guinean government and 51% by an international consortium known as [[Halco Mining]], itself a joint venture controlled by aluminium producer [[Alcoa]], global miner [[Rio Tinto (corporation)|Rio Tinto]] and Dadco Investments.<ref>{{cite web|url=https://af.reuters.com/article/metalsNews/idAFL5N0YK4R020150529|title=Guinea bauxite miner CBG plans $1 bln expansion to meet demand|work=[[Reuters]]|access-date=23 July 2017|archive-url=https://web.archive.org/web/20171010190042/https://af.reuters.com/article/metalsNews/idAFL5N0YK4R020150529|archive-date=10 October 2017|url-status=dead}}</ref> CBG has exclusive rights to bauxite reserves and resources in north-western Guinea, through 2038.<ref>{{cite web |url=http://www.dadcoalumina.com/about/history.aspx |title=Dadco Alumina & Chemicals |access-date=31 May 2015 |url-status=dead |archive-url=https://web.archive.org/web/20120718025131/http://www.dadcoalumina.com/about/history.aspx |archive-date=18 July 2012 }}</ref> In 2008, protesters upset about poor electrical services blocked the tracks CBG uses. Guinea includes a proviso in its agreements with international oil companies, requiring its partners to generate power for nearby communities.<ref> {{cite news |url=http://www.minesandcommunities.org/article.php?a=8889 |author1=Saliou Samb |author2=Daniel Magnowski |title=One dead in Guinea protest, mine trains stop |agency=Reuters |date=1 November 2008 |work=Minesandcommunities.org |access-date=24 August 2013 |archive-url=https://web.archive.org/web/20141019125412/http://www.minesandcommunities.org/article.php?a=8889 |archive-date=19 October 2014 |url-status=live }} </ref> The ''Compagnie des Bauxites de Kindia'' (CBK), a joint venture between the government of Guinea and [[United Company RUSAL|RUSAL]], produces some 2.5 million [[tonne]]s annually, nearly all of which is exported to Russia and Eastern Europe. [[Dian Dian]], a Guinean/[[Ukraine|Ukrainian]] joint bauxite venture, has a projected production rate of {{convert|1000000|t|ST LT|0|abbr=on|lk=on}} per year, and is not expected to begin operation for several years. The ''[[Alumina Company of Guinea|Alumina Compagnie de Guinée]]'' (ACG) which took over the former Friguia Consortium produced about 2.4 million tonnes in 2004, as raw material for its alumina refinery. The refinery exports about 750,000 tonnes of alumina. Both Global Alumina and Alcoa-Alcan have signed conventions with the government of Guinea to build large alumina refineries, with a combined capacity of about 4 million tonnes per year. The [[Simandou mine]] is an [[iron ore]] reserve.<ref>{{cite web |url=http://www.riotintosimandou.com/FRA/project_overview/33_faits_et_chiffres.asp |title=Faits et chiffres |trans-title=Facts and Numbers |year=2013 |publisher=riotintosimandou.com |access-date=6 September 2021 |archive-date=24 January 2013 |archive-url=https://web.archive.org/web/20130124025819/http://www.riotintosimandou.com/FRA/project_overview/33_faits_et_chiffres.asp |url-status=dead }}</ref> In March 2010, Anglo-Australian corporation [[Rio Tinto (corporation)|Rio Tinto]] and its biggest shareholder, [[Aluminum Corporation of China]] (Chinalco), signed a preliminary agreement to develop Rio Tinto's iron ore project.<ref>{{cite news | url=http://www.news.com.au/business/breaking-news/rio-tinto-chinalco-agree-to-develop-guinea-iron-ore-field/story-e6frfkur-1225842910656 | work=[[News.com.au]]| title=Rio Tinto, Chinalco, agree to develop Guinea iron ore field | date=19 March 2010 | access-date=6 September 2021 | archive-date=4 June 2011 | archive-url=https://web.archive.org/web/20110604231919/http://www.news.com.au/business/breaking-news/rio-tinto-chinalco-agree-to-develop-guinea-iron-ore-field/story-e6frfkur-1225842910656 | url-status=dead }}</ref> In 2017, the [[Serious Fraud Office (United Kingdom)|Serious Fraud Office]] (SFO), Britain's anti-fraud regulator, launched an official investigation into Rio Tinto's business and mining practices in Guinea.<ref> {{Cite news |url=https://www.theguardian.com/business/2017/jul/24/rio-tinto-sfo-investigation-guinea-suspected-corruption |title=SFO says it is investigating Rio Tinto over Guinea operations |date=2017-07-25 |work=[[The Guardian]] |language=en-GB |issn=0261-3077 }} </ref> [[Tigui Camara]], a former model, is the first woman in Guinea to own a mining company which is partially run as a social enterprise.<ref>{{Cite web|title=TIGUI CAMARA: Leading In The Male Dominated Mining Industry|url=https://www.africanleadershipmagazine.co.uk/tigui-camara-leading-in-the-male-dominated-mining-industry/|access-date=2022-01-25|website=African Leadership Magazine|date=16 May 2018 |language=en-US}}</ref> === Oil === In 2006, Guinea signed a [[production sharing agreement]] with Hyperdynamics Corporation of [[Houston]] to explore an offshore tract, and was then in partnership with [[Dana Petroleum]] PLC ([[Aberdeen]], United Kingdom). The initial well, the Sabu-1, was scheduled to begin drilling in October 2011, at a site in approximately 700 metres of water. The Sabu-1 targeted a 4-way [[anticline]] prospect with [[upper Cretaceous]] sands, and was anticipated to be drilled to a total depth of 3,600 meters.<ref>{{cite web |url=http://investors.hyperdynamics.com/releasedetail.cfm?ReleaseID=600343 |title=Hyperdynamics Corporation – Jasper Explorer Drill Ship En Route to Hyperdynamics' First Exploration Drilling Site Offshore Guinea |website=Investors.hyperdynamics.com |access-date=23 July 2017 |archive-url=https://web.archive.org/web/20110914023859/http://investors.hyperdynamics.com/releasedetail.cfm?ReleaseID=600343 |archive-date=14 September 2011 |url-status=dead }}</ref> Following the completion of exploratory drilling in 2012, the Sabu-1 well was not deemed commercially viable.<ref>{{cite web|url=http://www.offshore-technology.com/news/newshyperdynamics-completes-drilling-of-sabu-1-well-offshore-guinea-conakry|title=Hyperdynamics completes drilling at Sabu-1 well offshore Guinea-Conakry|website=Offshore-technology.com|date=14 February 2012|access-date=3 February 2015|archive-url=https://web.archive.org/web/20150203115227/http://www.offshore-technology.com/news/newshyperdynamics-completes-drilling-of-sabu-1-well-offshore-guinea-conakry|archive-date=3 February 2015|url-status=live}}</ref> In November 2012, Hyperdynamics subsidiary SCS reached an agreement for a sale of 40% of the concession to [[Tullow Oil]], bringing ownership shares in the Guinea offshore tract to 37% Hyperdynamics, 40% Tullow Oil, and 23% Dana Petroleum.<ref>{{cite web|url=http://www.tullowoil.com/index.asp?pageid=137&newsid=805|title=Tullow Oil Agrees Farm-in to Guinea Concession|website=Tullowoil.com|access-date=3 February 2015|archive-url=https://web.archive.org/web/20150203120232/http://www.tullowoil.com/index.asp?pageid=137&newsid=805|archive-date=3 February 2015|url-status=dead}}</ref> Hyperdynamics will have until September 2016, under the current agreement, to begin drilling its next selected site, the Fatala [[Cenomanian]] [[turbidite]] fan prospect.<ref>{{cite web|url=http://www.hyperdynamics.com/guinea_project.htm|title=Overview of the Guinea Project|website=Hyperdynamics.com|author1=Hyperdynamics|access-date=3 February 2015|archive-url=https://web.archive.org/web/20150203114454/http://www.hyperdynamics.com/guinea_project.htm|archive-date=3 February 2015|url-status=dead}}</ref><ref> {{cite web|url=https://doc.research-and-analytics.csfb.com/docView?document_id=x548038&serialid=6XKHhijcT%2B6Xg1jfyFmVuwQySL6HHtJCNiU0UlOijDA%3D|title=Tullow Oil|date=21 January 2014|work=Equity Research|publisher=Credit Suisse|page=15|author1=Thomas Adolff|author2=Charlotte Elliott|access-date=24 August 2016|archive-url=https://web.archive.org/web/20161017122251/https://doc.research-and-analytics.csfb.com/docView?document_id=x548038&serialid=6XKHhijcT%2B6Xg1jfyFmVuwQySL6HHtJCNiU0UlOijDA%3D|archive-date=17 October 2016|url-status=live}} </ref> === Tourism === [[File:Dame de Mali Guinée.jpg|[[w:fr:Mont Loura|Dame de Mali]]|thumb]] Among the attractions in Guinea are the waterfalls found mostly in the Basse Guinee (Lower Guinea) and Moyenne Guinee (Middle Guinea) regions. The Soumba cascade at the foot of Mount Kakoulima in Kindia, Voile de la Mariée (Bride's Veil) in Dubreka, the Kinkon cascades that are about {{Convert|80|m|ft|abbr=on}} high on the Kokoula River in the prefecture of Pita, the Kambadaga falls that can reach {{Convert|100|m|ft|abbr=on}} during the rainy season on the same river, the Ditinn & Mitty waterfalls in Dalaba, and the Fetoré waterfalls and the stone bridge in the region of Labe are among water-related tourist sites.
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