Mining News

Friedland secures rail deal to tap Guinea iron-ore

A mining company controlled by billionaire Robert Friedland has secured access to a Liberian railway that opens the way for it to tap vast iron ore reserves in neighboring Guinea.

The deal with the Liberian government provides High Power Exploration Inc. with an outlet for its Nimba concession, which holds an estimated one-billion tons of high-grade iron-ore. The miner expects to start work by 2024 on a rail link that will connect with a line running to Liberia’s Buchanan port.

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