28
Mar
13:29
Guinea agrees to resume Simandou iron ore project
Guinea's ruling junta has struck a $15 billion deal with Rio Tinto and a Chinese-backed consortium to develop the rich Simandou iron ore deposit over the next 35 years, Kallanish notes.
Development of the mine was suspended by the ruling junta earlier this month (see Kallanish passim).
Guinea mines minister Moussa Magassouba said on state television over the weekend that the government signed a co-development agreement late on Friday with Rio T…
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Anonymous
Very good overview of the weekly steel market.
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