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Guinea
Putsch casts more doubt on BSGR-Alpha Condé deal negotiated by Sarkozy

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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. [...]
Former French president Nicolas Sarkozy and Guinean president Alpha Condé.
Former French president Nicolas Sarkozy and Guinean president Alpha Condé. © Christophe Petit-Tesson/EPA/Newscom/MaxPPP
The arrival of a military junta in Conakry opens a new stage, the outcome of which remains uncertain, in the saga of the 2019 agreement between Beny Steinmetz's group and Alpha Condé over the Simandou and Zogota iron ore projects. The deal was negotiated with the help of French ex-president Nicolas Sarkozy. [...]
Reading time 2 minutes
Mining, Business
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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