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Guinea
MPs to ratify convention for blocks 1 and 2 on Simandou iron ore project

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“Simandou, Nimba and Zogota: the long and difficult road to the start of iron ore production”
Guinea

Simandou, Nimba and Zogota: the long and difficult road to the start of iron ore production

Guinea, which has some of the biggest unexploited iron ore deposits in the world in its south eastern corner, is also one of the countries in which they are the most difficult to bring into production, principally because of the absence of infrastructures to evacuate the ore. Société Minière de Boké, which has the rights to the northern part of the Simandou project, still believes in its project, however, and this could serve to encourage its neighbours in the southern part, Rio Tinto and Chinalco. Two other nearby iron ore bodies have also attracted the leading figures of the international mining sector, Nimba and Zogota. All this seems to be attracting new investors to adjoining exploration permits. [...]
Simandou mining site.
Simandou mining site. © Google Earth
Guinean members of parliament are due in the next few days to ratify the mining convention which will open the way to development of the Simandou iron ore project by Société Minière de Boké. [...]
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Read this article in our running story
“Simandou, Nimba and Zogota: the long and difficult road to the start of iron ore production”
Guinea

Simandou, Nimba and Zogota: the long and difficult road to the start of iron ore production

Guinea, which has some of the biggest unexploited iron ore deposits in the world in its south eastern corner, is also one of the countries in which they are the most difficult to bring into production, principally because of the absence of infrastructures to evacuate the ore. Société Minière de Boké, which has the rights to the northern part of the Simandou project, still believes in its project, however, and this could serve to encourage its neighbours in the southern part, Rio Tinto and Chinalco. Two other nearby iron ore bodies have also attracted the leading figures of the international mining sector, Nimba and Zogota. All this seems to be attracting new investors to adjoining exploration permits. [...]

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Beny Steinmetz counter-attacks Vale in Simandou saga, insisting it was aware of licence risks

In his latest legal broadside against Vale about a joint venture on Guinea's Simandou iron ore project, Israeli businessman Beny Steinmetz rejects all accusations of wrongdoing. Claiming that the Brazilian mining giant knew the score before teaming up with his company, Steinmetz says it cannot now sue him on this front.

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Beny Steinmetz, CEO of Beny Steinmetz Group Resources

Spotlight | Guinea
Vale goes after property magnates Ziel Feldman and Rene Benko to secure compensation from BSGR over Simandou iron ore

The Brazilian firm Vale has filed a legal action seeking to establish if part of the funds that it paid to Beny Steinmetz's company within the framework of their Simandou iron ore partnership in Guinea was used for property investments in the United States.

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