From FT
https://www.ft.com/content/fad30393-0667-4fa3-aece-900e0b6e0d08
But his decision to change the constitution and run for a third term led to protests in the world’s biggest bauxite exporter that were met with a violent state crackdown.
Guinea has some of the world’s highest-grade iron ore, including the giant Simandou deposit that has been the subject of a protracted legal battle.That culminated in a landmark international corruption trial in which Israeli-French billionaire Beny Steinmetz was sentenced to five years in jail for bribing the wife of Guinea’s late dictator Lansana Conté.Guinea generates most of its revenues from mining exports, and its economy has grown at more than 6 per cent annually for the past five years, after suffering a dramatic shock following the west African Ebola outbreak in which more than 2,500 Guineas died.
But its vast mineral deposits have generated allegations of large-scale corruption, and the country remains largely impoverished.The coup attempt comes as democracy has retreated across west and central Africa. Mali has experienced two military coups in the past year, while Chad strongman leader Idriss Déby was killed in April by rebels and swiftly replaced by his son.
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