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Guinea hopes for first iron ore from Simandou in 2018
May 28 2014· Guinea said on Wednesday it hopes a new deal signed with Rio Tinto and Chinalco will allow the giant Simandou iron ore mine to start production in 2018 after it set the conditions for 20 billion of investment.
ICSID rejects BSGR’s motion in battle over Simandou iron
The International Centre for Settlement of Investment Disputes rejected a motion introduced by BSG Resources to throw out a final report that ruled out the existence of forged signatures in documents pertaining the Simandou iron ore project in Guinea.
Simandou is a 110 km long range of hills located in Calmonz and Kankan regions of southeastern Guinea in the country's mountainous forested Guinée Forestière region. At the southern end of the range the site of a large iron ore deposit is
The mining industry of Guinea was developed during colonial minerals extracted consisted of iron gold diamond and bauxite. Guinea ranks first in the world in bauxite reserves and 6th in the extraction of highgrade bauxite the aluminium ore.