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GUINEA

Guinean iron ore boom could rekindle mothballed Bellzone project

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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.
Bellzone's liquidators are seeking buyers for the company's Guinean iron ore project Kalia, which has been sitting idle for years. [...] (391 words)
Issue dated 24/03/2022 Reading time 2 minutes
Mining

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Further reading
GUINEA Mining 22/03/2022

New A-team takes over Mount Nimba iron ore project from disputed Sable Mining 

Nimba Development Co has obtained the mining rights on a Guinean iron ore permit previously held by Sable Mining, which was accused of irregular practices in 2016. Several Guinean mining experts are on the Nimba board and management, among them the former head of the Simandou iron ore project and the former managing director of GAC, who is also the daughter of Guinea's transition prime minister.

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Mining

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