Financial Times FT.com

Guinea turmoil prompts mining concerns

By William MacNamara in London

Published: December 23 2008 19:39 | Last updated: December 23 2008 19:39

Global mining groups Rio Tinto, Alcoa, and Rusal were scrambling on Tuesday to determine how an attempted coup in Guinea, the world’s biggest exporter of bauxite, would affect their investments in the west African state.

The aluminium industry is heavily dependent on Guinea, the biggest exporter of bauxite, the raw material used in manufacture of the metal. Guinea, in turn, relies on mining revenues.

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