China in push for resources in Guinea

burgundia · 10-12-2009, 02:43 PM

http://www.ft.com/cms/s/0/87afaf4e-b...nclick_check=1
The military-backed government of Guinea, one of the poorest states in West Africa, is negotiating with a Chinese fund to bring in billions of dollars of financing for infrastructure and minerals projects – and to prospect for oil.

Talks could be concluded by the end of the year, according to Mohamed Thiam, the country’s minister of mines, potentially pitching Chinese interests directly against those of the west at a time of growing competition for African resources.

10-12-2009, 02:43 PM	#1
burgundia Avalon Senior Member Join Date: Oct 2008 Location: Poland Posts: 3,442	China in push for resources in Guinea http://www.ft.com/cms/s/0/87afaf4e-b...nclick_check=1 The military-backed government of Guinea, one of the poorest states in West Africa, is negotiating with a Chinese fund to bring in billions of dollars of financing for infrastructure and minerals projects – and to prospect for oil. Talks could be concluded by the end of the year, according to Mohamed Thiam, the country’s minister of mines, potentially pitching Chinese interests directly against those of the west at a time of growing competition for African resources.