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Vol 3 (AAC) No 9

Published 1st July 2010


Guinea

CIF sitting pretty in Guinea

As one of the anchors in the proposed trans-Guinea railway, the China International Fund may consider its position in Guinea unassailable. However, the Bellzone/CIF deal is already persuading other companies that investing in Guinea's mines is a good proposition. Anglo-African Minerals said that its 8 July decision to acquire a 67.5% stake in Tougué Bauxite and Alumina Corporation, which has an exploration licence for an area that contains at least one billion tonnes of bauxite, was in part related to the trans-Guinea railway development.

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