Madagascar leader rejects fresh talks on cabinet

* Rajoelina refuses further negotiations abroad

* Disagreements over 11 ministries

ANTANANARIVO, Nov 30 (Reuters) - Madagascar's embattled president on Monday rejected an invitation to meet his political rivals in Mozambique later this week to break a deadlock over the make-up of a power-sharing government.

Andry Rajoelina, who seized power in a March coup, said reconvening the Indian Ocean nation's leaders abroad once more would waste money, and suggested a video conference instead.

"The negotiations are over. We are now in the phase of implementing the agreements," Rajoelina told reporters.

The country's three other political leaders have accepted the invitation to travel to Maputo from Dec. 3-4 from the lead mediator, former Mozambican president Joaquim Chissano.

Rajoelina and former presidents Marc Ravalomanana, Didier Ratsiraka and Albert Zafy signed a new power-sharing deal in Ethiopia earlier this month, a fresh attempt to end months of political turmoil in a country increasingly eyed by investors for its oil and mineral resources.

But they have failed to agree on who takes which cabinet posts.