Bloomberg News

Guinea Says First-Quarter Bauxite and Gold Output Declines

June 14, 2011

(Updates with coffee and cocoa output in third paragraph.)

June 14 (Bloomberg) -- Production of bauxite in Guinea, the world’s biggest exporter of the ore used in aluminum, declined 1 percent to 3.9 million metric tons in the first quarter of the year, according to the Finance Ministry.

Gold output fell 16 percent to 192,440 ounces, while diamond production climbed to 137,860 carats from 72,870 carats a year earlier, the Conakry-based ministry said in a statement handed to reporters today.

Coffee production was up 43 percent to 13,090 tons while cocoa output soared to 8,010 tons from 840 tons a year earlier, according to the ministry.

Production of palm oil rose 4.2 percent to 2,980 tons, the fish catch fell 30 percent to 3,980 tons and electricity generation slowed 3.6 percent to 147,364 megawatts, the ministry said.

--Editors: Emily Bowers, Eddie Buckle.

To contact the reporter on this story: Ougna Camara in Conakry via Accra at ebowers1@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.


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