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Sunday, 12/14/2008 11:31:57 PM

Sunday, December 14, 2008 11:31:57 PM

Post# of 27221
Mr. Keita's discussion is very insightful. It is difficult to imagine him walking away from the Simandou opportunities. The contexts of the discussion seem to indicate that the Simandou concession was awarded to Rio Tinto for the purpose of financing research to determine the areas of mineralization. Having reached advanced stages of the study, the guinea government seeks to enforce its laws base upon the published results of the study (One could argue that Rio Tinto knew this would happen and must make a campaign a media defense for shareholders).
The article notes Mr. Keita's continuing business related interest in Guinea resources for Guinea's development. I wonder if Kansalas Resources S.A and Hubble Holdings, inc are apart of his business arms. Applying the concept of Regional Infrastructure Development Networks to West Africa (I like my favored economic geography) with competent talents such as Keita may very well lead to Conakry hosting the 2028 Olympic Games.

notes from the article
R1.io Tinto makes din across Guinea and media influence peddling with the intention of having 100 as one hundred Simandou. The article 5.3 of its basic convention points out definitely that the retroceded areas have to represent a total of 50 for one hundred surfaces of its concession in conditions allowing the working of aforementioned retroceded areas.

2.Rio Tinto retroceded in the State the side, that is to say the perimeter of Simandou where there is not ore and consequently, the retroceded areas are not exploitable. On this point, there is not negotiation to be made and you should not take the Guinean for people of ignoramuses! There is the single honest and normal manner of dividing the areas of Simandou into two equal parties: 50 for one hundred concessions in the north and 50 for one hundred in the south.

3.Articles 41 and 42 of mining Code are very clear and they are irremovable for the respect for the Guinean nation. For the respect for law (mining Code) Rio Tinto should not have of concession before introducing a study of practicability for approbation to the government. As for retrocession, she must play made before the end the study, where from the obligation to retrocede in the State 50 for hundred areas of Simandou from now on. The axle of distribution in two equal parties must be perpendicular in the longitudinal axle of Simandou. Both parties will be composed to each of 50 for one hundred complete areas of concession and they have to have square or rectangular regular geometric form such as demanded by mining Code.

4.If Rio Tinto is making a study of practicability at present, it is therefore obvious that there was serious error by allocating a mining concession without having satisfied the conditions of articles 41 and 42 of mining Code. If Rio Tinto is opening the mine for working, she acts apparently in the opposite sense of Guinean law and consequently, there was serious error by allocating him a mining concession in the failure to observe of Guinean law (mining Code).

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