The world’s largest steelmaker China Baowu Steel Group has raised 10 billion yuan ($1.4 billion) from a bond issue, in part for the giant Simandou iron ore project in Guinea, it said on Monday.

Tuesday, January 30, 2024 - 21:37:08

Visit: 96

Mining News Pro - Rio Tinto (LSE: RIO; ASX: RIO) expects to begin infrastructure work on the massive Simandou iron ore project in Guinea this year, following almost three decades of setbacks and scandals.

Monday, January 8, 2024 - 21:35:08

Visit: 81

Mining News Pro - Rio Tinto has been solely funding preparatory work at the blocks it holds at Simandou, one of the world’s largest untapped iron ore deposits, as its Chinese partners are yet to make their funds available, two sources close to the matter said.

Monday, September 18, 2023 - 22:20:38

Visit: 128

Mining News Pro - Rio Tinto on Friday concluded key agreements with the government of Guinea and Winning Consortium Simandou (WCS) on the trans-Guinean infrastructure for the Simandou, one of the world’s largest deposits of iron ore.

Friday, August 11, 2023 - 21:55:44

Visit: 200

Mining News Pro - 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.

Thursday, February 2, 2023 - 12:16:08

Visit: 151

Mining News Pro - Rio Tinto Group said it’s formed a joint venture with the Guinea government and Winning Consortium Simandou to develop infrastructure including a railway and port in a breakthrough that should help unlock the world’s biggest untapped iron ore deposit.

Thursday, July 28, 2022 - 01:12:07

Visit: 467

Mining News Pro - Guinea’s mines minister has once again ordered a full suspension of activities related to the Simandou iron ore mine project after the two companies involved missed an extended deadline to agree on a joint venture.

Tuesday, July 5, 2022 - 13:06:23

Visit: 683

Mining News Pro - Partners in Guinea’s Simandou iron ore mine have 14 days to finalise a joint venture, interim president Mamady Doumbouya said at a meeting with the miners, Rio Tinto and Chinese-backed Winning Consortium Simandou (WCS) on Friday.

Monday, June 20, 2022 - 12:50:15

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Mining News Pro - Guinea’s ruling junta has reached an agreement with Rio Tinto and a Chinese-backed consortium to resume activities at the huge Simandou iron ore deposit, the mines minister said, after resolving infrastructure disputes.

Monday, March 28, 2022 - 13:12:48

Visit: 729

Mining News Pro - The world needs Guinea’s massive Simandou iron ore deposit to be developed, Rio Tinto’s chief executive said on Thursday, despite uncertainty in Guinea after last month’s coup.

Friday, October 8, 2021 - 14:29:57

Visit: 715

Mining News Pro - razilian prosecutors have closed an investigation into Vale executives related to the Simandou mine, in Guinea, the iron-ore miner said in a securities filing on Monday.

Tuesday, April 6, 2021 - 2:46:53 PM

Visit: 558

Mining News Pro - Billionaire Beny Steinmetz, the founder and owner of a company embroiled in a long-drawn-out dispute with Vale (NYSE: VALE) over lost rights to the Simandou iron ore project in Guinea, has lost his latest battle against the Brazilian miner.

Monday, April 5, 2021 - 11:26:54 PM

Visit: 567

Mining News Pro - The police in Rio de Janeiro, Brazil, will investigate Vale CEO Eduardo Bartolomeo, and other executives and former directors over the deal to explore the giant Simandou iron-ore mine in Guinea, as newspaper Valor Econômico first reported.

Friday, March 26, 2021 - 2:54:28 PM

Visit: 620

Mining News Pro - Simandou in Guinea is home to the world’s richest untapped deposits of iron ore but legal wrangling, alleged corruption and the difficulty of access to the mountain region mean it has yet to be developed.

Saturday, January 23, 2021 - 12:42:54 PM

Visit: 630

Mining News Pro - 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 China, the world’s top consumer of the commodity.

Friday, November 13, 2020 - 11:44:03 AM

Visit: 712

Mining News Pro - Guinea`s government approved on Thursday a basic agreement for a multi-national consortium to build a railroad and deep-water port to export minerals from the giant Simandou iron ore project.

Thursday, November 12, 2020 - 7:38:05 PM

Visit: 661

Mining News Pro - Rio Tinto is suddenly in a rush to develop the giant and controversial Simandou iron ore project in Guinea, as half-year earnings support an investment case for the steel-making material.

Friday, July 31, 2020 - 12:20:58 AM

Visit: 864

Mining News Pro - Guinea on Tuesday signed an agreement with a consortium for the development of its giant Simandou iron ore reserve, another step towards the realisation of a project which it hopes will bring a $15 billion windfall over the 25-year lifespan.

Wednesday, June 10, 2020 - 3:33:41 PM

Visit: 778

Mining News Pro - Billionaire Beny Steinmetz, the founder and owner of a company embroiled in a long-dragged dispute with Vale over lost rights to the massive Simandou iron ore project in Guinea, claims to have fresh evidence that will help him reverse a $2bn arbitration award to the Brazilian miner.

Tuesday, May 26, 2020 - 7:25:39 PM

Visit: 580

Mining News Pro - Brazil’s Vale, the world’s no. 1 iron ore miner, has launched a legal action in New York to determine whether funds paid to BSG Resources within the framework of their former Simandou partnership in Guinea were used for property investments in the United States.

Wednesday, May 20, 2020 - 3:56:28 PM

Visit: 734

Mining News Pro - China is close to granting approval to some of its biggest state-owned companies to start developing the northern area of Simandou in Guinea, one of the world’s largest untapped iron ore deposits, sources familiar with the process said on Thursday.

Friday, March 6, 2020 - 11:41:34 AM

Visit: 715

Mining News Pro - A consortium representing Chinese, French and Singaporean interests has won a $14bn tender to develop part of Guinea’s Simandou iron ore project, edging out rival Fortescue.

Sunday, December 22, 2019 - 10:30:23 AM

Visit: 846

Mining News Pro - A China-backed joint venture between Guinea’s Societe Miniere de Boke and Singapore’s Winning International Group scored a big win in the iron ore world after securing on Wednesday rights to develop the northern area of Simandou, one of the world’s largest untapped deposits of the steelmaking ingredient.

Thursday, November 14, 2019 - 11:05:06 AM

Visit: 721

Mining News Pro - Australia’s Fortescue Metals Group (ASX:FMG) and Guinea’s Société Miniere de Boke (SMB) are the two companies shortlisted to win mining rights to the northern blocks of the giant Simandou iron ore deposit, given up by Israeli tycoon Beny Steinmetz earlier this year.

Thursday, October 17, 2019 - 12:33:22 PM

Visit: 626

Mining News Pro - Australia’s Fortescue Metals Group (ASX:FMG) has confirmed its interest in a slice of the giant Simandou iron ore deposit, handed back this year to the Guinean government by billionaire Beny Steinmetz’s BSG Resources.

Tuesday, October 8, 2019 - 10:30:31 AM

Visit: 911