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The mining industry of Guinea was developed during colonial rule. The minerals extracted consisted of iron, gold, diamond, and bauxite. Guinea ranks first in the world in bauxite reserves and 6th in the extraction of high-grade bauxite, the aluminium ore. The mining industry and exports of mining products accounted for 17% of Guinea's gross domestic product (GDP) in 2010. Mining accounts for over 90% of its exports. The country accounts for 94% of Africa's mining production of bauxite. The large mineral reserve, which has mostly remained untapped, is of immense interest for international firms.
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