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Guinea
Zogota: Back to the drawing board for Mick Davis, Beny Steinmetz and associates

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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. [...]
The ore will be transported on an existing 300km railway.
The ore will be transported on an existing 300km railway. © Africa Intelligence/Indigo Publications 2020
Guinean authorities found holes in Niron Metals' feasibility study for the Zogota iron ore project. [...]
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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Niron Metals still facing murky future on Beny Steinmetz's former Zogota iron ore project

On top of a state coup, the departure of its majority shareholder Sir Mick Davis and intrinsic logistical issues on its Zogota iron ore project, Niron Metals is facing yet another major hurdle: its rights to the site only covered a feasibility assessment which even that, it is struggling to finish.

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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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