Some say “just business” but to me smells like sulfur

A series of secret contracts seen by Global Witness spell out how BSGR promised Mamadie Touré (sometimes known as Mamadie Conté) millions of dollars and shares in the massive Simandou iron ore concession in return for help in acquiring the licences. Along with the stake in Simandou – a mountain range in the forested region of southeastern Guinea – Mme Touré was also promised stakes in uranium and bauxite mines that were granted to BSGR. Mme Touré was, at the time the deals were signed, one of the four wives of Guinean dictator Lansana Conté, who came to power in a 1984 coup, ruling the country until his death in December 2008. BSGR acquired the licences to Simandou two weeks before he died.

Just as contentious is the allegation by a Guinean mining review committee that BSGR asked Mme Touré to ensure that licences to Simandou were taken away from the company then holding them – the mining giant Rio Tinto. Blocks 1 and 2 – half the concession – were confiscated from Rio in July 2008, five months before they were granted to BSGR. The Guinean government said at the time that Rio had not met production deadlines.

A leaked video from a September 2006 meeting held by BSGR – an edited version of which we post online today – shows Mme Touré at the event with top BSGR officials. One of those who speak at the event is Frédéric Cilins, an adviser to BSGR who was arrested on Sunday in Florida, standing accused of obstructing a federal grand jury investigation into BSGR by seeking to destroy the secret contracts.

The FBI arrested Mr Cilins in a sting operation, after he allegedly tried to pay Mme Touré to hand over contracts she had signed in relation to Simandou in order for them to be destroyed, according to the indictment. Mr Cilins also instructed Mme Touré to tell the FBI, should she be questioned in relation to Simandou, that she had no involvement with BSGR, the indictment says.

Mme Touré now lives in Jacksonville, Florida, where she owns three properties. Property records indicate that Mr Cilins and another official who has worked for BSGR may have been tied to the purchase of these properties.

via Damning video and contracts show BSGR was lying in Guinea mining scandal | Global Witness.

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About mkevane

Economist at Santa Clara University and Director of Friends of African Village Libraries.
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