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Guinea
UMS call on TechnipFMC for steelworks and oil refinery

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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. [...]
Fadi Wazni (right), CEO of UMS, signed an agreement in February with Diakaria Koulibaly, the then Minister of Hydrocarbons, to carry out a study on the construction of an oil refinery in Moribayah.
Fadi Wazni (right), CEO of UMS, signed an agreement in February with Diakaria Koulibaly, the then Minister of Hydrocarbons, to carry out a study on the construction of an oil refinery in Moribayah. © Diakaria Koulibaly/Facebook
The Guinean mining logistics firm United Mining Supply has solicited TechnipFMC to conduct a feasibility study for two new projects. [...]
Reading time 2 minutes
Energy, 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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