China bets big on Guinea’s bauxite
West African nation’s military rulers sign $7bn bauxite mining and oil deal with China.
China is proving an important trade partner for the west African nation of Guinea.
While Guinea’s military rulers are facing sanctions from the African Union and others in the international community, China’s recently committed to a $7bn mining and oil exploration deal.
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| Background: Tensions in Guinea
Camara: A man of the people? |
Al Jazeera’s Yvonne Ndege, reporting from the mining town of Sangaredi, says Chinese investment in bauxite mining – which accounts for 95 per cent of Guinea’s total economy – has come to the aid of an industry threatened by EU sanctions.
The sanctions include bans on travel and the freezing of assets held outside Guinea by the military leaders, who seized power in a coup after the death of Lansana Conte, the president, last December.
They were imposed after troops opened fire on September 28 at a rally in a stadium, in the capital, Conakry, where protesters were urging Moussa Dadis Camara, the country’s military leader, not to stand in presidential elections planned for January.