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Spotlight GUINEA Issue dated 26/08/2020

Simandou: mines minister Magassouba takes charge of talks with SMB, Rio Tinto and Chinalco

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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. [...]
The Minister of Mines of Guinea Abdoulaye Magassouba.
The Minister of Mines of Guinea Abdoulaye Magassouba. ©Tim Cocks/Reuters
Abdoulaye Magassouba has set up a committee to monitor development on the four Simandou iron ore blocks and made himself its chairman. In this way, he intends to have full control of all decisions relating to this mining project, crucial to Guinea's economic future. [...] (661 words)
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