The Chinese group Baowu and Winning Consortium Simandou has just signed a cooperation agreement, so that when the Simandou iron ore mine comes on stream, the steel giant will become the majority shareholder.
The French-Guinean businessman is asking the French state to give its sovereign guarantee for his alumina refinery project in Guinea. The French finance ministry's treasury department has set up an ad hoc team to examine his request.
The two consortia involved in the Simandou iron ore project seem to be reluctant to pledge the $500m sought by the construction groups to restart the rail construction work that was stopped in 2022. These uncertainties are fuelling renewed tensions.
Winning Consortium Simandou has retained Franco-Australian lawyer Christophe Asselineau, indicating a shift of power between the three partners of the consortium that owns blocks 1 and 2 of the massive iron ore deposit in Guinea.
Guinean mining logistics giant UMS, a stakeholder in the Simandou iron ore project, might get back a plane it lost in 2019.
Guinean mining logistics giant UMS and Canadian businessman Jean Laprade, who have been fighting for over a year about the ownership of a plane used to transport personnel and goods, are to appear before a Canadian court in June.