Mining News

Guinea gives Simandou iron-ore mine developers 14-day deadline

Partners in Guinea’s Simandou iron-ore mine have 14 days to finalise a joint venture, interim president Mamady Doumbouya said at a meeting with the miners, Rio Tinto and Chinese-backed Winning Consortium Simandou (WCS) on Friday. Guinea has grown increasingly impatient with the companies that control the giant Simandou deposit, which has not been developed since Rio was first granted an exploration licence for it 25 years ago.

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