Guinea signs Simandou iron deal with SMB-Winning consortium
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.
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Fortescue, SMB head to head in race for Simandou’s northern blocks
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.
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Fortescue, SMB-Winning go head-to-head to develop Guinea’s Simandou iron ore
Mining News Pro - Australian miner Fortescue and Guinea’s biggest bauxite exporter SMB-Winning are the last two companies in the running for the rights to develop blocks 1 and 2 of Guinea’s Simandou iron ore deposit, three sources told Reuters on Friday.
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