Updated Thursday, October 15, 2009 11:19 am TWN, AP

Guinea signs US$7 bil. mining deal with Chinese firm

CONAKRY, Guinea -- Guinea's military government said it has signed a US$7 billion mining agreement with a Chinese company. Mines Minister Mahmoud Thiam did not name the company involved but said Tuesday that the Chinese firm “will be a strategic partner in all mining projects” in the West African country.

Guinea is the world's largest producer of bauxite, the raw material used to make aluminum, and also produces diamonds and gold.

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