Mining Weekly reported that Guinea dismissed concerns over the future of the giant, untapped Simandou mine owned by Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO), stating that it has the means and expertise to push the project forward.
As quoted in the market news:
The project has absolutely not been frozen,” Mines Minister Mohamed Lamine Fofana said. “For what concerns Guinea, we are working on the framework for investment. We have mobilised the means and expertise to advance.