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Vol 2 (AAC) No 4

Published 1st February 2009


Liberia

A more perfect union

Beijing’s special relationship with Monrovia defies market conditions and is expanding into Guinea and Sierra Leone

The US$2.68 billion agreement signed by China Union's Chief Executive Yin Fuyou and Liberian President Ellen Johnson Sirleaf on 19 January to restart iron ore production at the old Bong Mines flies in the face of global economic realities as mining projects stall and close across Asia and Africa. The mega deal - the largest in Liberia's history - points to China's long term strategy in the region, where it is developing a portfolio of mining interests in Guinea and Sierra Leone.

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