Monday, April 16, 2007

Guinea withdraws oil, bauxite deals for review

(Reuters) - Guinea, the world's No. 1 bauxite exporter, said on Sunday it was withdrawing agreements made with a U.S. oil company and a Russian-managed bauxite producer as part of a planned review of minerals contracts.

The withdrawals were announced in a government statement read on state television. They referred to a production-sharing contract with American oil company Hyperdynamics and an annexe of an accord with Compagnie de Bauxite de Kindia (CBK), a local bauxite company run by Russian aluminium giant RUSAL.


Read more at Reuters Africa

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