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.
Australia's Akora Resources, a newcomer to the African iron ore market, is seeking to shift up a gear on its Bekisopa project in Madagascar. It is planning to get itself listed on the Sydney stock exchange in early December in order to finance exploration operations led by veterans from Rio Tinto.
After unsuccessfully bidding for a piece of the Simandou iron ore market in partnership with Australia's Fortescue, Ahmed bin Dalmook al-Maktoum, a distant cousin of the emir of Dubai, has found an alternative bauxite project, which could be up and running quickly.
Niron Metals, run by Mick Davis, former Chief Executive of the British Conservative Party and to which Beny Steinmetz is linked, has a clear plan to mine the Guinean Zogota iron ore project, after reaching an agreement on the Simandou blocks.
Rio Tinto, which is in dispute with Beny Steinmetz over the loss of its mining rights on blocks 1 and 2 on the Simandou iron ore project, has been stung by an attempt by the Israeli businessman to bring up another affair involving alleged bribery on its part for mining rights on blocks 3 and 4 at Simandou.
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.
Investment giant BlackRock's shares in Rio Tinto is reason enough, claims Israeli businessman Beny Steinmetz, to file a discovery request in New York as part of efforts to ward off the Australian mining firm's compensation claim over the vast iron ore mine in Guinea.