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Guinea
Simandou iron ore: Winning Consortium clashes with Soguipami over granite

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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. [...]
Guinea's state-owned Soguipami mining firm has told the purchaser of Blocks 1 and 2 at Simandou iron ore project to halt the exploitation of granite used to build the site's infrastructure. It claims Winning Consortium hasn't paid the taxes due from this activity, which the firm contests. [...]
Reading time 2 minutes
Infrastructure, Mining
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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