Published on 25 July 2013

The Simandou iron curse

The Simandou iron curse

A key mining project for Guinea's economic growth, the huge Simandou iron ore deposit lies at the heart of a battle between the majors and president Alpha Conde, with consultants acting as their proxies. The ore remains stubbornly underground, depriving the government of much needed receipts. To fight the curse, Conde has also appealed to international donors and is trying to cobble together funding for the highly costly infrastructure required to export the ore.

This article may be accessed by subscribers and e-wallet holders (EUR 40)
Log in to read more

Subscribe or Pay-Per-Article
Discover our offers
Spotlight GUINEA 09/07/2013

Soros' footprint everywhere on Simandou project 

With the third meeting of negotiators on the Simandou iron ore project looming large - it will be held between July 15-20 - Guinea is beefing up its team of advisers under the baton of George Soros. [...]

GUINEA 25/06/2013

Sheila Khama 

Guinea’s government has retained the services of Sheila Khama, who heads the extractive resources department of the Accra-based African Center [...]

UNITED KINGDOM Intelligence Online 12/06/2013

FTI Consulting 

FTI Consulting, the US corporate intelligence giant, negotiated a settlement [...]

GUINEA 11/06/2013

British and Americans warm to Conde 

Launched in January at the World Economic Forum in Davos and then pursued in South Africa in February, the United [...]

INTERNATIONAL Intelligence Online 29/05/2013

Multilateral funds for investigation 

The African Development Bank is apparently ready to finance lawyers investigating for a member state. [...]

Spotlight AFRICA UNITED STATES Intelligence Online 24/04/2013

Consultants go to war on Mount Simandou 

The largely private investigation ordered by Guinean President Alpha Conde into corruption in the country's mining sector has led to a bitter stand-off between consultants working for the government and those defending the companies that are being probed. [...]

CAMEROON 23/04/2013

IMIC moves step closer to Cameroon project 

London-based International Mining & Infrastructure Corp, which has fallen behind [...]


Simandou: Mysterious corruption charges 

The Simandou mining project in Guinea has produced fallout in the United States. This weekend a 50-year-old French national, Frederic [...]

GUINEA 12/03/2013

Saadou Nimaga 

Saadou Nimaga, legal adviser to the mines ministry who chairs the technical committee and a senior government panel working with [...]

CHINA GUINEA 26/02/2013

Zhong Ziran 

Guinea has begun a process to change a transactional agreement penned with Rio Tinto in April, 2011 concerning the Simandou [...]

GUINEA 12/02/2013

A roaring trade for legal advisers 

Hardly a month passes in Conakry without a law firm being awarded a contract to advise in the review of [...]

UNITED STATES FRANCE GUINEA ISRAEL Intelligence Online 30/01/2013

Private investigators rumble in Guinea jungle 

Iron-ore rich Mount Simandou, in the Guinean forest, is the theatre of a bitter stand-off that is mobilising private investigators on three continents. [...]

GUINEA 29/01/2013

Kathy Yucai Laurie 

The senior vice president of African Iron Ore Group (AIOG), Kathy Yucai Laurie, who is offering to help Guinea find [...]

Breaking news GUINEA 17/01/2013

Simandou :Conakry thinking of breaking off accord 

According to government sources in Guinea, former British prime minister Tony Blair carried out an "impromptu" trip to Conakry on [...]

GUINEA 15/01/2013

Iron Ore : Vale International & BSGR counter attack 

Vale International and Beny Steimentz Group Resources have changed tack with their VBG joint venture in Guinea. At the end [...]

GUINEA 01/01/2013

Simandou: The government keeps up the pressure 

The authorities in Guinea are worried over what they see [...]

GUINEA 18/09/2012

Simandou iron ore: Conakry switches adviser 

According to our sources in Conakry, Guinea’s government is on the point of choosing a new law firm, probably SNR [...]

Spotlight GUINEA 04/09/2012

Simandou: Why the IFC frowns on AIOG 

With funding for infrastructure to ship iron ore out from the Simandou South project operated by Simfer stirring more interest than ever (AMI 278), tension has arisen between the Simfer stakeholders (Rio Tinto, Chinalco, IFC) and the African Iron Ore [. [...]

GUINEA 17/07/2012

Scramble to finance Transguineen rail line  Free

A competition is building up between Rio Tinto’s management, the Sino-Guinean Cooperation Committee and African Iron Ore Group (AIOG) to [...]

GUINEA 08/05/2012

Simandou: infrastructure financing 

Chaired by mines and geology minister Mohamed Lamine Fofana, a [...]

New: Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

By continuing your visit to this site, you accept the use of cookies allowing us to adapt and enhance your experience. Read more