U.N. worries about Liberia's diamonds
March 30, 2005
A United Nations panel said Tuesday Liberia's diamond trade is illegally controlled by a secret monopoly.
The company is of "unknown provenance and with no mining sector experience," said a U.N. Security Council report. The report said the company's official name is the West Africa Mining Corporation, with supposed financial backing from the privately owned London International Bank Ltd.
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