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Eric D. Schwerin
eschwerin@rosemontseneca.com

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Begin forwarded message:

> From: mmuldoon@rosemontseneca.com
> Date: June 18, 2011 7:05:59 PM EDT
> To: "Devon Archer" <darcher@rosemontseneca.com>,"Eric Schwerin" <eschwerin@rosemontseneca.com>
> Subject: Fw: Guinea
> Reply-To: mmuldoon@rosemontseneca.com
>

> Hey guys - take a look below. Any interest?
> Sent from my Verizon Wireless BlackBerry
>
> From: <jnevergole@africa-bd.com>
> Date: Sat, 18 Jun 2011 16:01:37 -0700
> To: Michael Muldoon<mmuldoon@rosemontseneca.com>
> Subject: Guinea
>
> Mike,
>
> As mentioned, yesterday we had dinner with the President and were discussing for about 3 hours, during which we heavily covered mining. From this conversation my feeling is a potentially good opportunity is to invest in the company the government is setting up to hold their interest in all the mining assets. Guinea is known as one of the best countries in Africa for natural resources. For example they have the world's largest reserve of bauxite and have an iron ore project (Simandou iron ore) that is one of the more important iron ore projects in the world. Major companies such as Vale, BHP Billiton, and Rio Tinto are operating in Guinea.
>
> The government is revising the mining code, with the help of George Soros, so the country can benefit from the resources and it will be complete very shortly. They will get 15% free carry in all projects with an option to invest and acquire an additional 20%. They are setting up a company that will hold the government's mining interests and they will bring in some investors. Investing in this entity could be a very profitable opportunity. I think we could leverage our relationships here and play up the fact of having U.S. involvement to be able to get a piece of the action.
>
> Is there anyway to get in touch with Devon today to find out if this would potentially be a fit? Then I could talk with them about this tomorrow before I leave.
>
> Best,
>
> John=2