There are two big problems with the new deal between the China International Fund and the small Australian mining company Bellzone announced in Conakry on 24 May to mine iron ore in the expansive Kalia concessions. Firstly, there is little sign for now that the joint venture could raise the several billions needed to exploit the concession and build the railway. Secondly, the trans-Guinea railway route through the Fouta Djallon mountains looks financially problematic, given the political risk associated with the project, despite the potential value of the iron ore reserves in the Kalia I and II concessions....
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