Rio Tinto in $157m first shout for Simandou
Rio is not the only Australian listed company hoping to build a future in Guinean iron ore; Arrow Minerals controls iron ore tenements at "Simandou North" and may one day use the third-party ...
Agreements reached on trans-Guinean infrastructure in …
CONAKRY, Guinea--(BUSINESS WIRE)-- Rio Tinto and the Simfer 1 joint venture (Simfer) reached an important milestone today by concluding key agreements with the …
Guinea's Simandou iron ore project secures $15 billion …
The Guinea government announced on Tuesday that shareholders involved in Simandou have signed $15 billion in financing agreements for the iron ore project.
Guinea's Simandou iron ore project to restart in March
Guinea's military junta has reportedly announced that the country's large-scale Simandou iron ore mine and infrastructure project is set to restart in March. In July last year, the government of Guinea ordered to stop works at the Simandou iron ore project in a bid to force the shareholders to agree on joint venture terms.
BankTrack – Simandou Iron Ore Project
Nestled in the forested mountains of Guinea in West Africa, the Simandou iron ore mining project involves the construction of a large open-pit mine, a railway line and a deep-water port. The project risks the displacement of local communities, lost livelihoods, the destruction of critical habitats for endangered species, deforestation, and ...
Guinea halts Simandou iron ore project, seeks …
Guinea's mines minister has ordered all work related to the Simandou iron ore mine project to be halted after the two companies involved missed an extended deadline to agree on a joint venture.
Simandou iron-ore project, Guinea – update
The project is a partnership between Rio Tinto, Chalco Iron Ore Holdings (CIOH), and a Chinalco-led consortium, Winning Consortium Simandou (WCS), Baowu and the Guinea government.
Exclusive | Mega Simandou iron ore project in Guinea to …
The vast Simandou iron ore project in the West African nation of Guinea – where Chinese firms have placed a multibillion-dollar bet – will go into production next year, according to Anglo ...
Rio Tinto brings forward Simandou iron-ore production to …
Rio Tinto on Wednesday brought forward the start of production from its giant Simandou iron ore project in Guinea to 2025 with plans to spend about $6.2-billion including on port and rail ...
Will Guinea's Simandou iron ore mine be the 'Pilbara killer'?
Very few direct shipping ore (DSO) iron ore projects hold the capacity to export ore with a 65% ferrous content. But Simandou is set to change this landscape markedly. Australia still holds advantages
Guinea approves railroad and port plan for Simandou
Guinea's government has approved a multi-national group's plan to build a railroad and deep-water port to export output from the massive Simandou iron ore deposit to key markets including ...
Winning Consortium and China Baowu sign milestone …
Conakry, Guinea, 6 September 2023 - The Simandou project's development in Guinea has achieved yet another significant milestone. The Investment and Cooperation Agreement for the Simandou Iron-Ore Mine Blocks 1 and 2, along with its Infrastructure Project, was officially signed in Beijing yesterday. The signing ceremony brought together Winning Consortium Simandou …
Green light for landmark Guinea iron-ore and infrastructure project
The major Simandou iron-ore mine and infrastructure project, in Guinea, has cleared all regulatory hurdles, marking the path forward for $11.6-billion integrated development. The project, hailed ...
RIO ASX: iron ore spot price buoys Rio Tinto as Simandou project …
The long-awaited final approval for the Simandou iron ore project in Guinea came on the same day that Rio's flagship Australian iron ore division confirmed that a train derailment had hampered ...
Guinea Rio Tinto hammers out Simandou final deal details …
Spotlight | Guinea The $500m stand-off developing over Simandou. The two consortia involved in the Simandou iron ore project seem to be reluctant to pledge the $500m sought by the construction groups to restart the rail construction work that was stopped in 2022. These uncertainties are fuelling renewed tensions.
Guinea approves joint development deal for Simandou iron ore project
CONAKRY, Feb 4 (Reuters) - Lawmakers in Guinea approved on Saturday a joint development deal for its giant Simandou iron ore project involving the junta-led government, Rio Tinto, opens new tab ...
Guinea Inside the Baowu-Winning Consortium Simandou iron project …
China Baowu Iron & Steel and Winning Consortium Simandou (WCS), the holder of blocks 1 and 2 of the immense iron ore deposit in southeastern Guinea, have finally reached an agreement. More than eight months after Conakry approved the Chinese steel giant's stake in the Simandou project in December, Shi Bing, its chairman, and Lv Xiaohui, the CEO of the …
Rio Tinto approves investment in Simandou iron-ore project in Guinea
Rio Tinto Board of Directors has approved the investment in the Simandou iron-ore project in Guinea, said CEO Jakob Stausholm during the company's half-year results announcement. The board approval is contingent on meeting certain conditions, including approvals from joint venture (JV) partners and regulatory approvals from China and Guinea. ...
Guinea approves joint development deal for Simandou iron ore project
Rio Tinto owns two of four Simandou mining blocks as part of its Simfer joint venture with China's Chalco Iron Ore Holdings (CIOH) and the government of Guinea. Rio Tinto holds a 53% stake ...
Rio Tinto board approves world's biggest mining project
The company will invest $6.2bn in the Simandou mining project in West Africa, the world's largest untapped high-grade iron ore deposit. Funding will go towards the construction of a 552km railway to transport high-grade iron ore from two new mines in the Simandou mountains to a new deep-water port on Guinea's Atlantic coast.
Simandou Project Accelerates TransGuinean …
The National Transition Council of Guinea-Conakry approved a joint development deal for the Simandou iron ore project, which aims to complete construction of the mining complex and TransGuinean corridor by the end of …
Simandou: Is Africa's biggest mining project …
The Simandou iron ore project in Guinea, the largest untapped reserve of highgrade iron ore in the world, has been decades in the making. Subject to interminable delays owing to political instability, ownership …
Simandou
SYDNEY--(BUSINESS WIRE)-- Rio Tinto will provide an update today at its Investor Seminar on the world class Simandou iron ore project in Guinea, which is being progressed in partnership …
Guinea suspends Simandou iron ore project, …
Guinea's ruling junta has ordered the cessation of all activities at the massive Simandou iron ore deposit owned by Rio Tinto and a Chinese-backed consortium, saying it was seeking clarification ...
Simandou may drive Australian iron ore volumes higher
The former BHP iron ore executive leading a new iron ore project in Guinea's Simandou mountains says the emerging province is "no enemy" to Australian miners and may perversely help to bring ...
Simandou Iron Ore Project
The Simandou iron ore project is located in eastern Guinea, approximately 600km from the Guinean coast and 400km from the Liberian coast. Image courtesy of Rio Tinto. The first shipment of iron ore from Simandou is …
Why Rio Tinto's Guinea iron ore project is starting …
Rio Tinto's Simandou iron ore project in Guinea is finally taking off after almost three decades of holding the licence, government turmoil and coups. The project is expected to include two...
Guinea-Conakry: Simandou Project to Export Iron Ore in 2026
First iron ore exports from the Simandou project in Guinea-Conakry are now slated for 2026 – says Rio Tinto Guinea Managing Director Gahigi – following the completion of requisite railway and port infrastructure. Set to facilitate iron ore production and export, the TransGuinean railway project will connect the Simandou mine to the port of …
Rio Tinto brings forward Simandou iron ore production to …
Rio Tinto on Wednesday brought forward the start of production from its giant Simandou iron ore project in Guinea to 2025 with plans to spend about $6.2 billion including on port and rail ...
Simandou iron-ore project to restart in March, Guinea says
Work on Guinea's massive Simandou iron-ore mine and infrastructure project is set to restart in March, Guinea's military junta said in a Jan. 30 statement seen by Reuters on Wednesday. Guinean ...