FACTBOX-Guinea, rich in minerals, holds election run-off

Nov 7 (BestGrowthStock) – Here are some key details about Guinea,
which held the delayed second round of its presidential election
on Sunday.

* ECONOMY: Guinea is the world’s top exporter of bauxite,
the raw material used to make aluminium, and relies on minerals
for over 70 percent of exports.

— Guinea boasts around a third of all known reserves of
bauxite. CBG (Alcoa and Rio Tinto’s Compagnie des Bauxites de
Guinee), the world’s biggest bauxite exporter, shipped a record
13.7 million tonnes in 241 shiploads during 2008.

— Guinea saw two huge iron ore deals this year: a $2.5
billion pact between the world’s top iron ore miner Vale
(VALE5.SA: ) and BSG Resources, and a $2.9 billion deal between
global No. 2 iron ore miner Rio Tinto (RIO.L: ) (RIO.AX: ) and
Chinese metals group Chinalco.

— Guinea also has gold, diamonds and uranium. Guinea’s
diamond reserves are estimated at over 25 million carats, not
including as-yet unmapped kimberlite fields.

— Guinea’s economic progress remains mostly driven by
growth in mining, construction, and public works and services.
While mining firms already working in Guinea continued doing so,
the government said the political situation was at least partly
responsible for a downturn in mineral exports in 2009.

— Guinea was recently named by watchdog Transparency
International in its 2009 Corruption Perceptions index as
ranking 168, jointly with Equatorial Guinea, Iran, Burundi and
Haiti out of 180 countries listed.

* COUNTRY DETAILS:

POPULATION: 10.1 million.

ETHNICITY: There are 16 ethnic groups in Guinea, the most
numerous being the Peul, Malinke, and Sussu.

RELIGION: About 65 percent Muslim. Traditional African
religions 33 percent. There is also a small Christian minority.

LANGUAGE: The official language is French but Malinke and
Sussu are also widely spoken.

GEOGRAPHY: Area is 245,720 sq km (94,870 sq mile). The
former French colony lies on West Africa’s Atlantic coast. It
shares borders with Liberia, Sierra Leone, Ivory Coast, Senegal,
Guinea-Bissau and Mali.

Sources: Reuters/Global Insight/CIA/IMF/Alertnet

(For full Reuters Africa coverage and to have your say on
the top issues, visit: http://africa.reuters.com/ )

(Writing by David Cutler, London Editorial Reference Unit;
editing by Mark Heinrich)

FACTBOX-Guinea, rich in minerals, holds election run-off