Guinea’s Revolution: How Africa is Seizing Control of Its Mineral Wealth
Guinea’s Gold, Africa’s Fight: The Rise of Resource Nationalism For decades, Guinea’s story mirrored Africa’s painful paradox: a land of staggering mineral wealth, yet a people sidelined from its riches. With the world’s largest bauxite reserves, plus gold, diamonds, and iron ore, Guinea epitomized exploitation—foreign entities mined its treasures, while its citizens saw scant rewards. Today, that narrative is being torn apart. The Legacy of Exploitation Guinea’s soil has long been plundered. Foreign corporations extracted billions in minerals, leaving behind: Environmental degradation Minimal local economic benefit A paltry 15% revenue share for Guinea (compared to global averages of 40-60%) “They took our gold and left us with holes,” lamented a local miner. For years, Guineans watched their wealth flow overseas, fueling global industries while their communities languished in poverty. Guinea’s Bold Reclamation In 2023, Guinea’s government declared total control over its mining […]