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Vol 5 (AAC) No 9

Published 1st July 2012


Madagascar

Miner’s missing millions

Prime Minister Jean-Omer Beriziky says that Chinese investors are angry about the treatment they have received from the government. Wuhan Iron and Steel Corporation executives vociferously point out that they paid US$140 million as a signature bonus in 2010, not $100 mn. (AAC Vol 3 No 10, Beijing offers an iron bailout). The destination of the other $40 mn. is not known.

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