Mining News

Simandou iron-ore mine developers risk penalties if timeline missed, Guinea says

Rio Tinto and a Chinese-backed consortium risk losing their mining licences if they fail to meet a tight construction timeline for the Simandou iron-ore mine in Guinea, the West African country has said. Guinea’s government has grown increasingly impatient with the mining firms 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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