SMB or Fortescue? Taskforce in place to award Simandou iron ore
The Guinean government has picked out a team to decide which of the two offers submitted on October 4 for [...]
Boasting one of the world's largest reserves of bauxite, the main source of aluminium, Guinea has become one of the leading global producers of the mineral. Its West African neighbours - Sierra Leone, Ivory Coast, Ghana and Mali - as well as Cameroon, Tanzania and other countries across the continent have begun to move in to the bauxite market.
Other than a set of international mining giants, the bidding round launched by the Guinean government in July for the blocks formerly owned by Beny Steinmetz Group Resources (BSGR) on the Simandou iron ore deposit has caught the attention of [. [...]
With President Alpha Conde on a diplomatic trip in the United States, the world's investors have their eyes turned to his country's iron ore assets. Sir Mick Davis, the former treasurer of the UK's Conservative Party, took over the helm [. [...]