Guinea Posts Budget Surplus as Bauxite, Diamond and Coffee Output Rises

Bloomberg reports Guinea said a rise in commodities output helped the nation post a first-half budget surplus.

The market news is quoted as saying,

Bauxite rose to 8.2 million metric tons from 7.8 million tons, while diamond production increased 41 percent to 202,880 carats, according to the Finance Ministry. 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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