LIBERIA DIAMONDS
April 1st, 2005
BY KEITH NUTHALLA UNITED Nations panel appointed to monitor the observance of sanctions still imposed against troubled west African state Liberia has criticised a secret diamond mining deal struck by its transitional government. A UN Panel of Experts said this was with a West Africa Mining Corporation (WAMCO), financed by the privately owned London International Bank Limited. The 10-year deal said WAMCO will be allowed to establish and support mining cooperatives in all western Liberia and will be able to demand the purchase of all diamonds mined by them. Only ...
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