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Guinea
Rio Tinto moves ever closer to power

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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 Simandou range hills.
The Simandou range hills. © Rio Tinto
If Guinea's authorities once expressed impatience over the mining giant's slowness in dealing with the Simandou iron ore project, the situation has changed. Some of the firm's former employees are now being given prominent positions in the new administration, and one of them has very close ties to the presidency. [...]
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Read this article in our running story
“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. [...]

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Guinean president Mamady Doumbouya has ordered a review of the rail and port infrastructure plans associated with the Simandou iron ore project, thereby delaying the start of the railway's construction. Liberia is also taking another look at plans for ArcelorMittal's rail line to transport ore through its territory.

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Junta leader Doumbouya forms government but retains tight control of mining sector

Having arrived in power after staging a coup against Alpha Condé, Mamady Doumbouya has now put the finishing touches to his government. But the mining portfolio, the most important in the country, has been divested of some its key prerogatives, ensuring that the junta leader remains in firm control of the engine room of the Guinean economy.

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Junta leader Mamady Doumbouya.

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Magassouba and Nimaga, the dynamic duo running the mining ministry

Abdoulaye Magassouba has been reappointed as Minister of Mines and Geology in Alpha Condé's first third-term government. His dominant position as head of the sector which brings in the most revenues for the state often comes under challenge, however, from the ministry's all-powerful secretary general, Saadou Nimaga.

LogoSubscribers only Mining 07.05.2021
The Minister of Mines Abdoulaye Magassouba (left) and his secretary-general, Saadou Nimaga.

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