Madar (Conakry) - Guinea could export about 200 million tonnes of bauxite this year, generating roughly $1.2 billion in direct tax revenue, businessman Fadi Wazni said in Conakry on Friday, October 16, 2026, according to the news site Guineenews.
Wazni was speaking at the second round table of the Guinean Economic Outlook Observatory (OGCE), attended by mining executives, public officials and former prime minister Ahmed Tidiane Souaré. He based the revenue estimate on an average contribution of $6 per tonne, adding that it excludes corporate profit tax and other levies paid by companies in the sector.
He said the expected volume would mean exports have grown more than tenfold in a decade, and that about $2.5 billion had been spent with local companies. Three alumina refineries are under construction in Guinea, he said, including one his group is building with partners that "will be ready at the end of 2027." Guinean alumina could help the European Union diversify away from Asian and Russian suppliers, he argued.
Wazni acknowledged that moving on to aluminium production is a harder industrial step because of its technical and energy demands. He announced a training centre for alumina trades in Boké and urged authorities to coach local subcontractors towards environmental and other standards rather than take a coercive approach.
Guinea's authorities have pushed for more local processing of the country's minerals. In May 2025 they revoked some 51 mining licences, Madar reported at the time.
