Friedland’s Nimba iron ore project to get World Bank backing
Mining News Pro - The World Bank is said to be mulling an $135 million investment in the proposed Nimba iron ore mine in southeastern Guinea, which is owned by Canada’s High Power Exploration (HPX), a privately-held company founded my mining mogul Robert Friedland.
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Friedland allies with key players in Guinea to develop Nimba project
Mining News Pro - Billionaire Robert Friedland-backed High Power Exploration (HPX) appointed the former chief executive officer of the Guinea Alumina Corporation and former Guinean Prime Minister Mamady Youla to the role of CEO of Société des Mines de Fer de Guinée (SMFG).
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Talks on Guinea’s iron ore advance, BHP nears deal on Nimba
Mining News Pro - Leading miner BHP is near a deal to divest its stake in Guinea’s Nimba iron ore deposit, while three big miners are vying to develop half of the country’s Simandou, the largest known untapped iron ore reserve, sources close to the talks said.
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