Iron Ore

Guinea losing patience with Rio Tinto

Guinea losing patience with Rio Tinto

Guinea is stuck in a painful marriage with Rio Tinto Group. Business Day reports that the West African nation is unhappy that Rio is taking so long to develop Simandou, the world’s largest untapped iron-ore deposit. But with a $20bn bill and prices near a seven-year low making major companies rein in spending, it is difficult […]

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Rio Tinto to reopen mine in Guinea after Ebola Epidemic eases

By on February 12, 2015 in HSSE, Iron Ore, Mining with 0 Comments
Rio Tinto to reopen mine in Guinea after Ebola Epidemic eases

Rio Tinto Group is preparing to restart work on developing the world’s largest untapped iron-ore resource after West Africa’s Ebola crisis curbed progress on the US$20bn project, reports Business Report. Rio now expects a feasibility study on the project in south-eastern Guinea to be completed this year and will resume construction projects stalled amid the […]

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Botswana Iron Ore Mine looks promising

By on October 4, 2014 in Iron Ore, Mining with 0 Comments
Botswana Iron Ore Mine looks promising

Toronto-listed Tsodilo Resources has released its maiden N143-101 technical report for block one of its flagship Xaudum Iron Ore Project in the north west of Botswana. The company has reported a CIM compliant inferred mineral resource estimate of 441 million tonnes (Mt) with an average grade of 29,4% iron. According to James M. Bruchs, chairman […]

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Glencore eyes Guinea’s iron ore deposits

By on August 19, 2014 in Iron Ore, Mining, Power with 0 Comments
Glencore eyes Guinea’s iron ore deposits

Glencore has expressed interest in iron deposits in Guinea, although the company said it had not pitched for a stake in Simandou. Reuters reports that Glencore is the latest mining major looking to invest in iron ore assets in Guinea. Most interest is focused on Simandou, one of the biggest deposits, however, any potential investors […]

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Sundance inks Republic of Congo mining convention

By on August 16, 2014 in Iron Ore, Mining with 0 Comments
Sundance inks Republic of Congo mining convention

Iron-ore developer Sundance Resources has signed the Nabeba mining convention with the government of the Republic of Congo. The signing follows the issue of the mining permit, which was approved in December 2012, and outlines the fiscal and legal terms and conditions that Sundance has to satisfy for the development and management of the 35-million-tonne-a-year […]

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Dispute affects ore delivery from Guinea Conakry

By on July 3, 2014 in Iron Ore, Mining with 0 Comments

London-listed Bellzone and the China International Fund (CIF), its joint venture (JV) partner in the Forécariah iron ore project (FJV) in Guinea, are in a dispute with the contracted barge operator (trans-shipper) at Konta Port. The dispute arose over FJV management’s concerns about safety performance, operations efficiency, and charges raised by the trans-shipper. According to […]

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Senegal to receive $150m in damages from ArcelorMittal

By on June 24, 2014 in Iron Ore, Mining, Politics with 0 Comments

Arcelormittal has agreed to pay Senegal $150-million in cash as damages to settle a dispute with the West African nation over the failed Faleme iron-ore mine deal, Senegal’s government spokesman said on Friday. Senegal had been seeking $750-million in damages after winning a case at the International Chamber of Commerce’s arbitration court in Paris. The […]

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