VIDEO: Guinea’s fight for its iron ore billions

Guinea President Alpha Condé

Alpha Condé, the current president of Guinea, came to power in 2010 vowing to fight corruption in the West African nation which is one of the poorest in the world despite being rich in natural resources.

Guinea enjoys vast gold and diamonds fields, is already the world’s number exporter of bauxite, an aluminum ore, but the greatest prize in the country, perhaps the world, is the iron mountains of Simandou.

The UK’s channel four takes a look at what has been described as the corruption deal of the century: how Guinea lost out on billions when less than five years ago the former dictator of the country gave away rights to half of the iron ore deposit, said to be worth as much as $50 billion, days before he died.

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