BBC reported that Guinea's military rulers have agreed a huge mining and oil deal with China.
Mr Mahmoud Thiam mine minister of Guinea said that a Chinese firm would invest more than USD 7 billion in infrastructure. He said that the firm would be a strategic partner in all mining projects in the mineral rich nation.
Guineans are currently on strike to remember dozens of protesters killed by soldiers during a rally 2 weeks ago.
The shootings were widely condemned by international leaders and opposition groups within Guinea.
Mr Abdourahmane Sano agricultural minister of Guinea resigned, saying that he could no longer show solidarity with the government. And Mr Ecowas president of West Africa's economic bloc warned that the country was in danger of slipping into another dictatorship.
There are widespread calls for junta leader Captain Moussa Dadis Camara to step down. After last December's coup he promised to lead a transitional government and hand power back to civilians after an election scheduled for January 2010. But there has been growing anger at reports that he intends to stand for president.
China has been praised recently by think-tanks and African leaders for choosing to invest in infrastructure and business in Africa, rather than doling out aid money. But analysts said that the timing of the Guinea deal is likely to stir controversy, as the legitimacy of Guinea's government is under question.
Mr Thiam dismissed those concerns, saying the government is trying only to help the people. He said that we are all in a transition, putting down foundations. We hope that the government that follows us will follow suit. He did not name the firm involved, but said that it was the same firm that has invested billions in Angola the Hong Kong registered China International Fund. The firm would help build ports, railway lines, power plants, low cost housing and even a new administrative centre in the capital, Conakry.
He said that a national mining firm would be set up with the Chinese company becoming strategic partners. He added that all the government's stakes in various mining projects will be put in that mining company. Future mining permits or concessions that the government decided to develop on its own will be put in that company.
(Sourced from BBC)
