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Board Cancels Military Guinea Mining Agreements
Guinea's military junta annulled mining agreements
Guinea's military junta, which took power after the death of President Lasana Conte this month canceled all mining agreements in the country and said existing contracts would be reviewed.
The decision to review mining contracts was driven by corruption in the industry, Captain Dadis Moussa Camara, the head of the junta, you are now as president of Guinea, told the Alpha Yaya Diallo military camp in the capital Conakry.
"The activities in the gold -Bearing zones "have been" stopped at this point, "Camara said in a meeting with political parties.
Guinea, which has the world's largest reserves of bauxite, has no history of a democratic transfer of power. The Board has dismissed the elections by two years and imposed a curfew on all the country following its acquisition on December 23, a day after Conte died.
Camara heads a council of army officers and six 26 civilians has ordered a curfew throughout the country and told the generals and government ministers to declare a military camp in 24 hours.
One feature of the armed forces seized power in the West African country on 23 December, a day after Conte died.
The nation of 9.4 million people is divided into three principal ethnic groups, with the Peuhl or Fulani, who represent 40%, 30% and 20% Soussou Mandingo, according to government data USA. Former President Conte was a Soussou, while the military faction that took power Mandingo consists of officers, analysts said.
ProducerGuinea Bauxite is a former French colony and the fourth largest producer of the world's bauxite, a mineral used in the production of aluminum After Australia, Brazil and China. Bauxite and industries represent 80% of the country's foreign exchange revenues.
The nation produced 14 million tons last year, bauxite, according to U.S. Geological Survey. Violent protests in early 2007 caused the price of alumina to jump 76% two months. Rio Tinto Group, Alcoa Inc., United Co. Rusal and AngloGold Ashanti Ltd. operations in the country.
Rio Tinto, which is exploring part of the deposit Simandou iron ore, on December 23 he told his staff in the capital to stay home. A London-based spokesman for Rio Tinto, the largest third-largest miner, could not be reached for comment today. BHP Billiton Ltd., which plans to develop an alumina refinery and bauxite mine in a company with Global Alumina Corp. has closed its office Conakry.
Soldier Training
Camara, who has a degree in law and economics at the University of Conakry, joined the military in 1990. Conte ruled for 24 years and died three days ago after a long illness. It was a career military man who came to power in April 1984, after the death of President Ahmed Sekou Toure.
The general council ordered ministers to report to camp in the suburbs Conakry yesterday. Most ministers, headed by Prime Minister Ahmed Tidiane Souaré § |, reported to camp, arriving at a convoy of SUVs. The curfew was delayed until yesterday for the Christmas holidays, the council said. The mines are exempt from the curfew, although companies are responsible for their own security.
The board must approve all government spending and general secretaries, officials who oversee government departments, temporarily assume the responsibilities previously given to his ministers, the spokesman said the captain Nouhou Thiam.
Camara told reporters December 24 that elections were held in 2010. "I'm not interested in staying in power" and not run for office, he said.
State radio said previously that House will be sworn in as president in the Palais des Nations in Conakry.
Growth slows
Guinea's economy grew 1.8% last year, down from 2.4% in 2006, according to the International Monetary Fund. Its gross domestic product is estimated at 4.53 billion dollars by the IMF, compared with 278 billion U.S. dollars to South Africa, the continent's largest economy.
Officials government and the army leader, General Diarra Camara, told Radio France International that the government has been dissolved and most members of the military are loyal.
the peace of the African Union and the Security Council, meeting in the Ethiopian capital, Addis Ababa, condemned the coup.
The group of 53 nations expressed their "grave concern about the resurgence of the phenomenon of coup d'etat, which constitutes a threat to peace and security on the continent, and a serious setback in the ongoing democratization process in Africa, "the statement said.
The coup was "held fully and personally accountable for their actions. "
Elections Delayed
State Conte was characterized by delay elections, boycotted the referendum, strikes and protests. At least 110 people were killed by security forces in early 2007 after demonstrations demanding Conte resign, according to Human Rights Watch. Last year, the soldiers shot dead 13 unarmed people during protests against rising food prices, New York group, said.
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