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GUINEA Issue dated 03/09/2019

Conakry not happy for history to repeat at Simandou

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“Simandou, Nimba and Zogota: the long and difficult road to the start of iron ore production”
GUINEA

Simandou, Nimba and Zogota: the long and difficult road to the start of iron ore production

Guinea, which has some of the biggest unexploited iron ore deposits in the world in its south eastern corner, is also one of the countries in which they are the most difficult to bring into production, principally because of the absence of infrastructures to evacuate the ore. Société Minière de Boké, which has the rights to the northern part of the Simandou project, still believes in its project, however, and this could serve to encourage its neighbours in the southern part, Rio Tinto and Chinalco. Two other nearby iron ore bodies have also attracted the leading figures of the international mining sector, Nimba and Zogota. All this seems to be attracting new investors to adjoining exploration permits. [...]
Hoping that the bidding round launched in July for blocks [...] (155 words)
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