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Guinea, Liberia
Robert Friedland hits pause button in Guinea, Liberia

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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 US-Canadian mining magnate is grappling with political uncertainty in Monrovia and Conakry. While waiting for things to settle down, he has suspended most of his works and has put hundreds of employees on standby. [...]
Reading time 4 minutes
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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Spotlight | Liberia
George Weah takes on Mittal over the future of the country's iron mines, railways

Liberia's president wants to restore his country's balance of power with the global steel giant ArcelorMittal. Mining magnate Robert Friedland is throwing his support behind George Weah with an ambitious project that would let his own iron be exported through the state from Guinea.

LogoSubscribers only Infrastructure, Mining, Politics, Business 29.06.2022
Liberian President George Weah.

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