Africa

Guinea: World’s largest producer of bauxite – 10th poorest country in the World

Bauxite is the main ore in aluminum – the light metal used in everything from tin cans to cars to aluminum foil, all over the world. Sounds incredible, but it’s true. In the last 50 years alone, $50 billion dollars worth of aluminum was made from bauxite extracted from just one mine in Guinea, yet Guinea received only 1.2% share in that wealth. Why? Because Alcoa is hogging up the rest. Guinea is now suing them to deliver on the terms of their contract, which requires Alcoa give Guinea a larger share. Who knows how that will end up. Maybe in regime change.

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