A  private Isle of Man company, Core Mining, based in Australia has announced the finalized agreement with Russian steelmaker Severstal.   Core Mining will be giving 16.5% of Core and in return Severstal will invest a total of USD 55m into Core Mining until December of 2012.

The UN was quoted as saying:

"Guinea's interim president Sékouba Konaté has reassured the United Nations and its African partners that presidential elections will be held as scheduled on 27 June."

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