Iron Ore’s African future is slowly advancing, Rio Tinto says Rio Tinto Group is making progress on the development of Guinea’s giant Simandou iron ore deposit,… Jun - 2020 -
The BFS envisaged a 100Mtpa integrated iron ore mining operation over an estimated mine life of 40 years. The proposed project involved the development of two open-pits, the Ou l ba pit (53Mtpa) and Pic de Fon pit (47Mtpa) at Simandou South, and the construction of a 630km railway and a port, for a total investment of 13.6bn ($20bn).
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The mining industry of Guinea was developed during colonial rule.The minerals extracted consisted of iron, gold, diamond, and bauxite. Guinea ranks first in the world in bauxite reserves and 6th in the extraction of high-grade bauxite, the aluminium ore. The mining industry and exports of mining products accounted for 17% of Guinea’s gross domestic product (GDP) in 2010.
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To analyse the impact of iron ore mine development in Guinea on dry bulk vessels, we have made two assumptions. First, all of Guinea’s iron ore supply will be shipped to China. Second, Guinea ...
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Aug 31, 2020 Guinea’s fast-tracked Simandou mine, the El Dorado of African iron ore, would finally help to dispense with China’s reliance on Australia as a source for the vital steel-making ingredient.
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Jan 11, 2021 He has always denied his company, BSGR, paid multi-million dollar bribes to obtain iron ore mining exploration permits in southern Guinea in 2008. He travelled to …
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Nov 13, 2019 China-backed JV to develop giant Simandou north iron ore deposit in Guinea. Simandou holds over two billion tonnes of iron ore reserves and some of the highest grades in the industry (66% – 68% ...
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Feb 04, 2020 The plan: The group plans to eventually mine 100 million tons a year—making Guinea the world’s third-biggest iron ore shipper, behind just Australia and …
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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. The deposits are located mainly in the southern and central part of Guinea: the Mount Simandou and Mount Nimba region (in the southeast), the Zogota ...
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Aug 05, 2019 A new tender for iron ore concession raises eyebrows among miners in Guinea The Guinean government on 13 July issued a tender for the smaller half of the Simandou iron ore resource: blocks 1 and 2. The controversial Israeli investor Beny Steinmetz relinquished control of the assets in February, after agreeing an out-of-court settlement with the ...
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Oct 11, 2019 Guinea and Liberia signed a deal on Friday to allow several mines in Guinea, including the giant Nimba iron ore project, to export through Liberia, officials from the West African countries said.
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Aug 26, 2020 Discovered in the 1990s, the Simandou deposits hold more than 8.6 billion tons of iron ore with an average content of 65% iron, according to Guinea's National Institute of Statistics.
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Rio Tinto Bribery for Guinea Iron Ore Mining Concessions Securities Complaint. May 30, 2017. Simandou is a mountain that is rich in minerals, but it is in the interior of Guinea, a West African country that by some accounts is one of the most corrupt places in the world.
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Mar 05, 2020 China is close to giving the go-ahead for some of its biggest state-owned companies to develop the giant Simandou iron ore mine in Guinea, potentially paving the way for the project to be built after years of legal wrangling. China’s State-owned Assets Supervision and Administration Commission, which oversees the biggest government-owned ...
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Nov 13, 2019 A consortium representing Chinese, French and Singaporean interests won a $14 billion tender to develop part of Guinea's Simandou iron ore project, sources familiar with …
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Aug 04, 2020 Anglo-Australian metals and mining giant Rio Tinto Group and its Chinese partner Chinalco are making progress on their long-delayed development of an iron ore mine in Guinea, the company told Caixin on Monday. “The Simandou iron ore project (Blocks 3 and 4) in Guinea is progressing as we collaborate with our partners to optimize the program,” the company said.
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Jul 12, 2021 Guinea's Nimba Mountains now have a new investor, Sarmin Holdings, which is interested in the mineral that made them famous, iron. The firm founded by St phane Rigny - a former Rand Merchant Bank employee who later became chairman of the MagIndustries Corp mining group founded by his father - has concluded an agreement through its subsidiary Sarmin Metals with the …
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Aug 27, 2020 Bauxite, iron ore, gold, and diamond mining represent key markets for Guinea and relateively well developed with tens of foreigns companies actively producing and exporting minerals. In addition to these resources, Guinea has commercially viable quantities of graphite, manganese, nickel, and uranium, though these have not yet been exploited ...
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2 | Guinea mining guide Executive summary Guinea has some of the world’s largest high-grade bauxite and iron ore reserves, but has been largely unable to benefit from its mineral resources, due to sustained instability, political risks and lack of infrastructure.
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Apr 01, 2021 Simandou, in the remote southeastern corner of Guinea, is the world's largest known iron ore deposit of its kind, with about 10 billion tons of iron ore reserves, data showed.
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Feb 25, 2019 29. The mining group controlled by the controversial tycoon Beny Steinmetz is to walk away from a massive iron ore project in Guinea as part of …
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Our vision is to create a long-term, sustainable mining project that is integrated into the environmental, economic and social fabric of the region. We, the Soci t des Mines de Fer de Guin e (SMFG), have been entrusted by the people of Guinea to responsibly develop the Nimba Iron Ore Project and create a positive contribution for future generations.
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Mar 08, 2021 Guinea’s most famed iron ore project is the giant Simandou, which Rio Tinto, Vale and billionaire Beny Steinmetz’s BSG Resources fought over …
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