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The military junta that seized power in Guinea reportedly plans to establish a unity government pending a transition to civilian rule, urged mining companies to continue operating and reassured them that their existing agreements with the state will be honoured.

Colonel Mamady Doumbouya said that a government of national unity would be established to lead the transition. Curfews in mining areas have been lifted to ensure the continuity of production, and ports remain open for exports as well as air links.

Special forces led by Doumbouya seized power on Sunday after arresting President Alpha Conde, who had held power since late 2010. The 83-year-old leader has so far resisted pressure to step down.

Guinea is a key global supplier of bauxite, a mineral that is processed into alumina and then aluminium. Most of the West African nation’s bauxite exports are sent to smelters in China, the largest producer of the metal. Guinea shipped 82.4 million tonnes of the ore globally last year.

China opposes coup attempts to seize power and calls for the immediate release of President Conde, Chinese Foreign Ministry spokesman Wang Wenbin reported. “We hope that all parties can keep in mind the fundamental interests of the nation and the people, address the issue through dialogue and consultation, and safeguard peace and stability in the country.”

The Economic Community of West African States has threatened sanctions against Guinea, while the African Union has called for its Peace and Security Council to meet urgently on the issue.