Brazilian mining conglomerate Vale is keeping its operations under close review, after threatening to sell its investments in Guinea last month. After tough talks with its minority partner and President Alpha Condé’s government, Vale has for now pulled back from the brink. Yet it still has grave misgivings about the terms and conditions of a project in which it may have to invest as much as US$10 billion for a stake in one of the world’s richest iron-ore mines.
The financial firm JP Morgan estimates that Simandou’s Vale-controlled blocks can produce 50 mn. tonnes of ore annually by 2020. That compares favourably with the output of...
Hard choices confront President Alpha Condé as he comes under pressure to set a date for parliamentary elections this year. Polling was postponed from November 2011, after Condé...
Vol 5 (AAC) No 12 |
- GUINEA
- CHINA
They were left out in the cold by President Alpha Condé in 2011 (AAC Vol 4 No 11), but the businessmen behind the China International Fund are making...
Vol 5 (AAC) No 10 |
- GUINEA
- CHINA
A government partner is handing over major stakes in the Simandou contracts to Chinese state-owned firms
Despite support from groups like George Soros’s Open Society Institute, President Alpha Condé’s government persists in striking troublesome mining deals. The government and the African Iron Ore Group,...
Vol 5 (AAC) No 6 |
- GUINEA
- CHINA
Five-year plans, inspired and financed by China, are winning support in Conakry as pressure mounts on the government
Officials from the China Development Bank (CDB) are offering to finance a substantial part of the Conakry government’s US$8.6 billion overhaul of mining and industrial infratructure, according to...
Regional diplomacy has dampened down another political confrontation as the President tries to relaunch the mineral-rich economy
The parliamentary elections due on 29 December have been postponed until early next year following a meeting between President Alpha Condé and opposition leaders on 15 November under...
Since the assassination attempt in July, President Alpha Condé has shut himself up in the Sékoutouréyah palace behind a massive guard, some trained by his ally, President Blaise...
President Alpha Condé is being consulted about bringing charges against any Guinean nationals who may have taken bribes from Victor Dahdaleh, a former senior Guinean official told Africa...
The two armed attacks on President Alpha Condé that claimed three lives on the night of 19 July are part of the struggle between old and new members...
Vol 52 No 14 |
- GUINEA
- MINING
Before parliamentary elections in November, the government is rewriting the mining code and reviewing contracts
Beyond the bonhomie and the stream of foreign dignitaries trooping to see President Alpha Condé in Conakry, evidence is emerging of grand corruption in public works and mining...