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Vol 51 No 11

Published 28th May 2010


Guinea

Promising contracts

Guinea’s interim government has seen through several big developments in the mineral sector, in spite of an agreement that no new deals be ratified until after June’s elections. In April, the Israeli billionaire Beny Steinmetz sold 51% of his Guinean operations to Brazil’s Vale. Together, they have pledged to spend US$8 billion on exploiting iron ore concessions, to be exported via a railway corridor through Liberia.

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