Al Khaldiya, which is controlled by Kuwaiti interests, has revised its strategy for its Diecké iron ore project in southeastern Guinea. It has lowered its initial production target from 4m to 1.5m tonnes with the aim of getting the mine into operation more quickly.
Not wanting to have infrastructure costs cut into the profitability of their Guinean iron ore deposit Simandou, Australian mining giant Rio Tinto and China's Chinalco are in talks to sell the site's first output to steel giant ArcelorMittal.
Turkish investment firm Toya Holding, controlled by the prominent Topaloglu family, has ramped up its charge into African gold with the launch of its fledgling subsidiary Toya Gold. Toya, a conglomerate of businesses active in construction, agriculture, real estate, fashion [.