Friday, January 9, 2009

Guinea's Junta leader Warns Mining Sector

Guinea's coup leader has frozen the country's numerous mining contracts and gold extractions as part of what he called an anti-corruption drive. The West African country sits on one-third of the world's reserves of bauxite reserves, the raw material used to make aluminum, and also has important reserves of gold, diamonds, and other minerals.

But because of corruption and mismanagement, Guinea ranks 160 out of 177 in the United Nation's development scale. Paul Ndiho has more.



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