25 AUGUST 2011bloomberg
Guinea Posts Budget Surplus as Bauxite, Diamond and Coffee Output Rises
Edited by : AL CIRCLE
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Guinea, the world’s biggest exporter of bauxite, said a 5 percent increase in production of the metal, as well as a rise in output of other commodities, helped the West African nation post a first-half budget surplus.
Bauxite production rose to 8.2 million metric tons from 7.8 million tons.The fiscal surplus was 81.2 billion Guinea francs ($12 million) compared with a deficit of 1.5 trillion francs a year earlier, the Conakry-based ministry said in a statement handed to reporters today.
Bauxite production rose to 8.2 million metric tons from 7.8 million tons.The fiscal surplus was 81.2 billion Guinea francs ($12 million) compared with a deficit of 1.5 trillion francs a year earlier, the Conakry-based ministry said in a statement handed to reporters today.
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