DAKAR (Reuters) - Mining giant Rio Tinto said on Monday that the International Finance Corporation (IFC), a partner in its $20 billion Simandou iron ore project in Guinea, is selling its 4.6 percent stake.
Guinea has the largest untapped iron ore reserves in the world. This ore, of outstanding quality, often has an iron content greater than 65%. Simandou is considered the finest iron ore prospect in the world – Financial Times, November 2015
Chalco, a subsidiary of Chinalco, is poised to invest up to $500mn in the Simandou iron ore project, located in Guinea, West Africa.
developing a direct shipping (DSO) iron ore operation at its Gaoual property. Gaoual is believed to host a potential ... MINING IN GUINEA - New Mining Code as of
Minerals: Bauxite, iron ore, uranium, diamonds and gold Independence: 2 October 1958 Area: 245,836 km2 Mining fact: Guinea has at least 25% of the world's known bauxite reserves
Mining and corruption Crying foul in Guinea. Africa's largest iron-ore mining project has been bedevilled by dust-ups and delays
BSG Resources, the mining company formerly controlled by Israeli tycoon Beny Steinmetz, has suffered a legal setback in its efforts to win compensation for being stripped of the rights to one of the world's richest iron-ore deposits in Guinea.
Management and Directors of Guinea Iron Ore Limited (GIO).
FBI investigating Beny Steinmetz's company BSGR after lucrative deal to extract iron ore from Simandou mountain range
The Simandou Project is currently the largest planned integrated mining and infrastructure development contemplated in Africa. The Simandou Project includes three key components which are: The Mine: An iron ore exploration and mining project located towards the southern end of the 110-kilometre-long ...
According to a Global Witness report, Sable Mining sought iron ore explorations rights to Mount Nimba in Guinea by getting close to Conde towards the 2010 elections, ...
World number two miner Rio Tinto is exiting the world's largest mining project, by selling its stake in Guinea's Simandou iron ore to partner Chinalco, potentially opening up a new path to development for the $20 billion project. According to a statement by Melbourne-based Rio the deal is worth ...
Guinea Iron Ore is an exploration company dedicated to meticulous research, evaluation, exploration and mining of potential high-quality, high-grade iron ore opportunities in West Africa. GIO is exploring 3 high-grade iron ore properties totalling 2,000 km² in the Republic of Guinea.
2013 Minerals Yearbook ... had announced its first preproduction of iron ore from the Forécariah Mine in ... to the development of its other iron ore asset in Guinea,
The Simandou project provides access to one of the world's largest untapped (over 2 billion tonnes), high grade iron ore resources in the world. It can sustain a mine life in excess of 40 years and has the potential to make Guinea one of the world's top iron ore exporters.
The Republic of Guinea is located in West Africa with an Atlantic coastline. ... Mining: bauxite, gold, diamonds, iron ore; ... iron ore, gold and diamonds ...
A profile of Iron Ore Mining in Guinea with directories of companies, people, industry sectors, projects, facilities, news and events.
May 26, 2014 · Rio Tinto, Chinalco and the International Finance Corporation sign a $20bn deal to develop Guinea's iron ore deposits.
Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron ore mine project, sources familiar with the matter say, as Beijing pursues a global strategy to secure key resources for its vast economy for decades to come.
Simandou iron ore mine is located in south-east Guinea, Africa. An exploration permit for the iron ore project was granted in January 2012. The Government of the Republic of Guinea granted the mining licence in September 2013 and a preliminary feasibility study (PFS) was completed in March 2014.
Nov 17, 2016 · A Rio Tinto Group executive asked how big a bribe it would take to beat out a competitor for a hotly contested iron ore deposit in Guinea, the country's former mining minister said, adding a new accusation of graft just days after the world's second-biggest miner fired two of its top executives over a payment made in connection with the ...
ON THE flanks of the Simandou mountains in south-eastern Guinea live remote colonies of West African chimpanzees. They alone should be grinning over the fate of those who have sought to turn their tropical habitat into Africa's biggest iron-ore mine.
Anglo-Australian mining giant Rio Tinto has submitted feasibility studies to the Guinean government for its massive Simandou project, considered the world's biggest untapped iron ore deposit. Anglo-Australian mining giant Rio Tinto said on Monday it had submitted feasibility studies to the Guinea ...