“Poverty is the worst form of violence”
This well made explanatory animated video WATCH HERE will simply show you how that one of the richest bauxite mines in the world that is located in Guinea (West Africa) has remained impoverished despite this immense mineral wealth. It’s a David vs. Goliath situation that we all know and read about, and all started with the Berlin Conference of 1884–85, also known as the Congo Conference. But now finally, these clear messages are surfacing on our almighty web with brilliant explanations like How to Keep a Developing Country Poor: a Quick 5-step Guide – (TUMBLR). This time it’s the American company: Alcoa Inc., the world’s third largest producer of aluminum, publicly traded as NYSE: AA, with an revenue Increase of $ 23.0 billion in 2013 vs. NANKO Shipping (owned and operated by a Guinean national who has over 30 years of experience shipping cargo for public and private sector companies all over the world). It’s also unfortunate to note that Guinea’s share of this mine, that has generated over $400 billion in aluminum content, is limited to a mere 1.2%.
REUTERS reported on Friday Aug 8, 2014 that:
- Nanko Shipping and its president Mori Diane filed a civil complaint in the U.S. district court of the District of Columbia on July 30, 2014, saying it had been harmed by Alcoa’s refusal to honour the terms of the 1963 joint-venture mining deal with the Guinean government. That agreement established the Compagnie des Bauxites de Guinee (CBG), the largest bauxite mine in the West African country, and gave the government the right to choose a company to ship half of its production, according to a copy seen by Reuters.
And according to Reuters, if the case well be successful for NANKO Shipping, it would
- “mark a step forward for [all] African nations seeking to wrest greater control of their natural resources from international companies”