Iron – Bloomberg reported that Guinea’s former mines minister Mahmoud Thiam said the Rio Tinto Group will probably not develop its $10 billion iron ore project in Simandou in the near future as Guinea struggles to finance transport links.
Articles Tagged "guinea"
Iron – Bloomberg reported that the government of Guinea said it is making progress on a deal to share investment in Rio Tinto’s $10B iron ore project, Simandou, which is likely the biggest undeveloped iron ore deposit in the world.
Iron – 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.
Iron – Bloomberg reported that Guinea is looking for ways to enable Vale SA to resume work at the Simandou project, as confirmed by President Alpha Conde.
Diamond – Mining Weekly reported that Stellar Diamonds has announced the renewal of its licence for diamond exploration at its Droujba operation located in Guinea.
Iron – Reuters reported that while Vale SA (NYSE:VALE) is interested in working in Guinea, which holds the largest untapped deposit of iron ore in the world, it was forced to stop work at its two projects there due to the Guinean government's failure to provide it with clear guidelines. One particular point of contention has been the export route that mined ore will take.
Uranium – Forte Energy NL (ASX:FTE,LSE:FTE) announced it will start reverse circulation drilling at its uranium project in Mauritania and Guinea on November 14.
Iron – Reuters reported Roger Agnelli's mining venture is considering a purchase of BHP Billiton's (NYSE:BHP,ASX:BHP) Mount Nimba iron ore deposit in Guinea.
Uranium – Forte Energy NL (ASX:FTE,AIM:FTE) announced third quarter results for its uranium projects in Mauritania and Guinea.
Diamond – Stellar Diamonds plc (LSE:STEL) announced microdiamond results from drilling and bulk sampling conducted on the 5km long Katcha kimberlite dyke in Guinea.