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Timeline: the battle for Simandou Financial Times

The Simandou project is one of the worlds biggest undeveloped deposits of iron ore and has the potential to transform the economy of poverty-stricken Guinea in west Africa. But it has been dogged by delays, disputes and allegations of corruption and is still many years away from starting production.

Simandou The Business of Mining

Sep 02, 2010· The export of the Simandou iron ore is an interesting case of shared responsibility of corporates and government in infrastructure development.

Rio Tinto loses Simandou financing partner afr.com

The World Bank's finance arm will quit Rio Tint's $US20 billion Simandou iron ore project in Guinea.

Why Simandou Is Important For Vale Seeking Alpha

A technical committee has recommended the Guinean government to strip Beny Steinmetz Group Resources and its partner Vale of the rights to exploit iron ore depo

Guinea's Simandou iron ore trove: huge potential for

Aug 07, 2014· (Repeats with graphic link) * Legal wrangles, delays mean no ore yet mined from huge deposit * Price tag of development project estimated at $20 billion

Rio Tinto puts Simandou iron ore project on hold

Rio Tinto has shelved its $US20 billion Simandou iron ore project in Guinea because of a sustained slump in prices, the company's new head, Jean-Sebastien Jacques, has

Rio Tinto agrees $1.3bn sale of Simandou stake to Chinalco

Rio Tinto announced on Friday it had agreed to sell its stake in the giant Simandou iron ore project in Guinea for up to $1.3bn to Chinalco, in a deal that could see ...

Simandou Mining Atlas

Simandou is an Iron Ore Project in Guinea owned by Rio Tinto, Chinalco. General: Rio Tinto has already spent over US$500 million on exploration and evaluation work.

Rio Tinto Simandou: Exporting Iron Mountains (Part 1

The Simandou Mountain Range in south-eastern Guinea has one of the worlds largest untapped iron ore deposit. This biodiversity hotspot is forecast to produce 95 ...

Buried Secrets The New Yorker

Guinea, in West Africa, is one of the worlds poorest countries. The iron ore buried inside the Simandou range may be worth a hundred and forty billion dollars.

Chinalco proposes taking entire Guinea Simandou iron ore ...

CONAKRY, May 15 (Reuters) Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron ore mine project, sources familiar with the matter say, as Beijing pursues a global strategy to secure key resources for its vast economy for decades to come.

Rio Tinto loses Simandou financing partner afr.com

The World Bank's finance arm will quit Rio Tinto Group's $US20 billion Simandou iron ore project in Guinea in the latest setback for the development of one of the largest

The Simandou iron curse Africa Mining Intelligence

A key mining project for Guinea's economic growth, the huge Simandou iron ore deposit lies at the heart of a battle between the majors and president Alpha Conde, with consultants acting as their proxies. The ore remains stubbornly underground, depriving the government of much needed receipts.

Rio Tinto bets Simandou's iron ore will take time to

By Clyde Russell LAUNCESTON, Australia, Nov 4 (Reuters) Rio Tinto's decision to quit the world's largest undeveloped iron ore deposit in Guinea is essentia...

BSGR attacks 'unlawful' activities of Rio Tinto in Guinea ...

BSGR attacks 'unlawful' activities of Rio Tinto in Guinea as Simandou hearing opens ... after gaining the rights to a vast iron ore deposit the West African nation ...

EXCLUSIVE-Chinalco proposes taking entire Guinea Simandou ...

CONAKRY, May 15 (Reuters) Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron ore mine project, sources familiar with the matter ...

Billionaire Steinmetz Recovers From Setback in Simandou ...

The testimony was Avidans first public response to the bribery allegations involving Simandou, which some miners consider the worlds largest untapped iron-ore ...

Rio suspends senior executive after discovery of

Global miner Rio Tinto has suspended two senior executives following the discovery of large payments to a consultant who worked on the Simandou iron ore project ...

Guinea, IFC committed to Simandou after massive Rio

The government of Guinea and the International Finance Corp (IFC) continue to support the Simandou iron ore project following joint-venture partner Rio Tintos ...

Chinalco proposes taking entire Guinea Simandou iron ore

By Tim Cocks CONAKRY (Reuters) Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron ore mine project, sources familiar with the ...

New Set of Bribery Charges in Simandou Mine Saga ...

The strange saga of Rio Tinto's (NYSE: RIO) soon to be sold Simandou iron ore project in Guinea took another weird twist as the owner of BSG Resources was arrested on ...

Rio Tinto Offered Bribe for Mine, Ex-Guinea Minister

Nov 18, 2016· Rio Tinto Offered Bribe for ... Eight-year Simandou iron ore scandal ... Rio offered to pay me off, Thiam said after Bloomberg News inquired about ...

Wealth of iron ore in Guineas Simandou buried by ...

Simandou has been called the El Dorado of iron ore, but with a racketeering case and corruption probes under way, the resource might remain untapped for some time

simandou iron ore mining project in guinea

simandou iron ore mining project in guinea_ Simandou Iron Ore Rail Line Guinea, Africa AECOMAECOM is part of the team providing engineering services for the ...

Rio's Simandou looks ahead The West Australian

China Inc appears to be narrowing its iron ore investment focus, as a Rio Tinto-led consortium delivers feasibility studies on the giant Simandou project in Guinea,

Rio Tinto's Simandou email trail includes former CEOs

Rio Tinto's Simandou email trail includes former CEOs Sam Walsh, Tom Albanese ... in payments to a consultant over the massive Simandou iron ore deposit in ...

Rio Tinto says Guinea iron ore partner IFC to sell stake ...

Mining giant Rio Tinto said on Monday that the International Finance Corporation (IFC), a partner in its $20 billion Simandou iron ore project in Guinea, is selling ...

Exclusive: Chinalco proposes taking entire Guinea Simandou ...

Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron ore mine project, sources familiar with the matter say, as Beijing pursues a ...

Billionaire Steinmetz Recovers From Setback in Simandou ...

Jun 01, 2017· Israeli billionaire Beny Steinmetz recovered from a setback in a long-running legal battle over an iron-ore project in Guinea, when one of his employees ...

Why Rio Tinto Reversed Course on the Massive Simandou Iron ...

Just weeks after delivering feasibility studies in May on its massive Simandou iron ore project in the west African republic of Guinea, Rio Tinto (NYSE:RIO) seemingly reversed course and said it wouldn't be developing the site

China's Chalco to sell stake in Simandou iron ore project ...

China's Chalco to sell stake in Simandou iron ore project to parent company Chinalco Read this Platts metals news article here. Plus discover more metals market ...

Iron ore surges past $55 as Rio Tinto exits Simandou ...

The price increase comes as iron ore major Rio Tinto decided to put its Simandou project in Guinea on ice due to the iron ore glut that is keeping a lid on prices.

Guineas Simandou Auction to Test Appetite for Iron Ore

Mining companies struggling with depressed commodity prices are about to have the opportunity to bid for one of the most sought-after iron-ore deposits in the world ...

Simandou Wikipedia

Simandou is planned to become the site of the largest integrated iron-ore mine and infrastructure project ever developed in Africa. Namesake There is ...

Geography· Inquire Now
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  Rio Tinto to sell stake in Simandou iron ore project to ...

  Mining major Rio Tinto has entered a non-binding agreement to sell its entire stake in the Simandou iron ore project in Guinea, West Africa, to joint venture partner ...

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  Simandou Wikipedia

  Simandou is planned to become the site of the largest integrated iron-ore mine and infrastructure project ever developed in Africa. Namesake Edit.

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  Rio Gives Away Giant Iron Ore Field Once Worth Fighting For

  Oct 28, 2016· The giant Simandou iron ore mine in Guinea caused countless headaches for Rio Tinto Group, but it was always worth the fight. Not any more.

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  Rio Tinto Sells Massive Simandou Iron Ore Project ...

  That Rio Tinto (NYSE: RIO) is selling its stake in the massive Simandou iron project isn't really much of a surprise. All through the year, the miner has been paving ...

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  Rio Tinto selling stake in Simandou to China

  Rio Tinto is selling its stake in Guineas Simandou iron ore mine to Chinalco in a deal that will be worth between $1.1 billion and $1.3 billion. Rio was the ...

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  Did the World Bank Just Kill Rio Tinto's Massive Simandou ...

  Image source: Getty Images. Rio Tinto's massive Simandou iron ore project in West Africa just had another nail driven into its coffin after the World Bank announced ...

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  Simandou mine Wikipedia

  Simandou represents one of the largest iron ore reserves in Guinea and in the world having estimated reserves of 2.4 billion tonnes of ore grading 65% iron metal.

  Geology· Inquire Now
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    Crying foul in Guinea The Economist World News ...

    Africas largest iron-ore mining project has been ... Mining and corruption Crying foul in Guinea. Africas largest iron-ore mining project has ... Simandou, a ...

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    Guinea's Simandou iron ore trove: huge potential for

    * Legal wrangles, delays mean no ore yet mined from huge deposit * Price tag of development project estimated at $20 billion * Needs 650 km of railway, 35 bridges ...

    Inquire Now
  • 

    Simandou Iron Ore Rail Line Guinea, Africa Myanmar

    AECOM is part of the team providing engineering services for the Simandou Iron Ore project, the largest integrated mine and infrastructure project ever initiated in ...

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  • 

    Rio strikes costly Simandou deal Business News

    Rio Tinto has struck an agreement over its giant Simandou iron ore project in Africa that will see the company pay US$700 million to the government of Guinea and hand ...

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  • 

    Rio Reaches A Significant Milestone In Simandou Project ...

    Jun 04, 2014· Simandou is one of the worlds largest untapped high-grade iron ore deposits. The ore is very rich in iron and processing costs are expected to be quite low. The challenge in exploiting the Simandou deposit is its location.

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  • 

    Guinea's Simandou iron ore trove: huge potential for

    * Legal wrangles, delays mean no ore yet mined from huge deposit * Price tag of development project estimated at $20 billion * Needs 650 km of railway, 35 bridges ...

    Inquire Now
  • 

    Rio Tinto suspends senior exec over Guinea mine bribery claims

    Simandou in Guinea is believed to be one of the biggest undeveloped high-grade iron ore deposits in the world

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    Rio Tinto Delays Simandou Project By Three Years To

    Simandou is among the world's largest untapped high quality iron ore deposits. At full production levels, Rio is expected to export about 95 million tonnes of iron ore annually from here. This is about one-third of its total present capacity at the moment.

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  • 

    Rio Tinto and Chinalco sign $20bn Guinea iron ore deal ...

    Image copyright Image caption Big mining companies have been eyeing the iron ore deposits at Simandou for many years. Rio Tinto, Chinalco and the International Finance Corporation have signed a deal to develop Guinea's iron ore deposits.

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    The tycoon, the dictator's wife and the $2.5bn Guinea ...

    FBI investigating Beny Steinmetz's company BSGR after lucrative deal to extract iron ore from Simandou mountain range

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  • 

    Rio Tinto and Chinalco sign $20bn Guinea iron ore deal ...

    May 27, 2014· Rio Tinto, Chinalco and the International Finance Corporation sign a $20bn deal to develop Guinea's iron ore deposits.

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    Simandou Iron Ore Project SNC-Lavalin

    Our extensive environmental assessments at the Simandou Iron Ore Project in the Republic of Guinea will protect biodiversity in critical habitats.

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    Rio Tinto selling stake in Simandou to China

    Rio Tinto is selling its stake in Guineas Simandou iron ore mine to Chinalco in a deal that will be worth between $1.1 billion and $1.3 billion. Rio was the highest shareholder with 46.6 per cent ownership.

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    About Simandou Rio Tinto

    The Simandou iron ore mine will be developed and operated by Simfer S.A., a joint-venture ultimately owned by the Government of Guinea (7.5 per cent), Rio Tinto (46.6 per cent), a consortium of Chinese State-owned enterprises lead by Chinalco (41.3 per cent), and the International Finance Corporation (4.6 per cent), which is the private sector ...

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    Rio Tinto shelves $US20bn Simandou iron ore project

    A 20 billion project to develop the worlds biggest untapped deposit of iron ore has been shelved by Rio Tinto, in the latest twist in a long-running and contentious saga.

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    Simandou Rio Tinto

    The Simandou project provides access to one of the worlds largest untapped (over 2 billion tonnes), high grade iron ore resources in the world. It can sustain a mine life in excess of 40 years and has the potential to make Guinea one of the worlds top iron ore

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  • 

    Guinea's Simandou iron ore trove: huge potential for

    Aug 07, 2014· (Repeats with graphic link) * Legal wrangles, delays mean no ore yet mined from huge deposit * Price tag of development project estimated at $20 billion

    Inquire Now
  • 

    Why Rio Tinto Reversed Course on the Massive Simandou Iron ...

    Just weeks after delivering feasibility studies in May on its massive Simandou iron ore project in the west African republic of Guinea, Rio Tinto (NYSE:RIO) seemingly reversed course and said it wouldn't be developing the site

    Inquire Now
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    Simandou (Rio Tinto) iron ore mine Wood Mackenzie

    Simandou requires an iron ore price of approximately US$60/tonne (62% Fe fines, CFR China, 2016 terms) for the project to achieve a 12% IRR.

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    Simandou South Mining Atlas

    Simandou South is an Iron Ore Project (Nzerekore) in Guinea owned by Vale, BSG Resources. General: The project is considered one of the best undeveloped iron ore ...

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    Chinalco proposes taking entire Guinea Simandou iron ore

    By Tim Cocks CONAKRY (Reuters) Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron ore mine project, sources familiar with the ...

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  • 

    Rio Tinto to seal $20bn deal for world's biggest

    Rio Tinto to seal $20bn deal for world's biggest untapped iron ore deposit After years of delays and legal battles, ... The Simandou iron ore project, ...

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    Rio Tinto Delays Simandou Project By Three Years To

    Why Is Simandou Important? Simandou is among the worlds largest untapped high quality iron ore deposits. At full production levels, Rio is expected to export about ...

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    Simandou Iron Ore Project Mining Technology

    Simandou Iron Ore Project, Guinea. The Simandou iron ore mine is located in southeast Guinea, Africa. First production from the mine is expected in 2015. The mine has a projected life of at least 30 years.

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