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Monday, December 15, 2008 4:19:40 PM
<SPAN id=intelliTXT>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 based upon the published results of the study (One could argue that Rio Tinto knew this would happen and must now campaign a media defense for shareholders). The article notes Mr. Keita's continuing business related interest in keeping Guinea resources as values for Guinea's development. 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.<BR><BR>notes from the article<BR>1.Rio Tinto makes din across Guinea and international media outlets peddling with the intention of having 100% of Simandou. Article 5.3's 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.<BR><BR>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! 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.<BR><BR>3.Articles 41 and 42 of mining Code are very clear and they are respectfully irremovable from the sovereign interest of the Guinean nation. Out of respect for Guinea law (mining Code) Rio Tinto should not have the concession before introducing a study of practicability for approbation to the government. As for retrocession, it must make the axis of distribution in two equal perpendicular parts in the longitudinal axis of Simandou. <BR> </SPAN>
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