On top of a state coup, the departure of its majority shareholder Sir Mick Davis and intrinsic logistical issues on its Zogota iron ore project, Niron Metals is facing yet another major hurdle: its rights to the site only covered a feasibility assessment which even that, it is struggling to finish.
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.
The Brazilian firm Vale has filed a legal action seeking to establish if part of the funds that it paid to Beny Steinmetz's company within the framework of their Simandou iron ore partnership in Guinea was used for property investments in the United States.
The end to the epic legal battle between Conakry and Beny Steinmetz Group Resources (BSGR) over Guinea' vast iron ore resource Simandou on February 25, was shortly followed by the news that Sir Mick Davis, chief executive and treasurer of [.