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World Briefing / Guinea

Mining pact with China is signed

October 14, 2009|Times Wire Reports

The military government said it has signed a $7-billion mining agreement with a Chinese company.

Guinea is the world's largest producer of bauxite, the raw material used to make aluminum, and also produces diamonds and gold.

Its mineral wealth has long been siphoned off to enrich the country's ruling elite. Before Capt. Moussa Camara seized power in a coup in December, Guinea had been ruled by only two people since its independence from France half a century ago.

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