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Beijing’s special relationship with Monrovia defies market conditions and is expanding into Guinea and Sierra Leone

The US$2.68 billion agreement signed by China Union's Chief Executive Yin Fuyou and Liberian President Ellen Johnson Sirleaf on 19 January to restart iron ore production at the old Bong Mines flies in the face of global economic realities as mining projects stall and close across Asia and Africa. The mega deal - the largest in Liberia's history - points to China's long term strategy in the region, where it is developing a portfolio of mining interests in Guinea and Sierra Leone....

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Keywords:

Yin Fuyou, Ellen Johnson Sirleaf, Guinea, Sierra Leone, Sudan, Omer Hassan Ahmed el Beshir, Zimbabwe, Robert Mugabe, Richard Tolbert, Gabon, Sierra Leonean, Financial worries, Xue Song, Indian, Hu Jintao, Yin Aiping, Natty Davis, Charles Gyude Bryant, Nigeria, United States, United Arab Emirates, Olusegun Obasanjo, Kola Adun, Eugene Shannon, Zambia, Mauritius, Chi Jianxin, Joseph Boakai, Olubanke King Akerele, Antoinette Sayeh, Chris Toe, Toga McIntosh, Israel, Beny Steinmetz, Zhonglilian, chaebol