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Simandou iron ore project update

29-10-2018The non-binding heads of agreement originally signed on 28 October 2016 for Chinalco to acquire Rio Tinto's entire interest in the Simandou iron ore project in Guinea has lapsed Rio Tinto and Chinalco who respectively own 45 05% and 39 95% of Simandou will continue to Get price

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Rio Tinto Still Committed To Guinea Simandou Iron Ore

2-6-2010BEIJING June 1 -- Rio Tinto PLC and Aluminum Corp of China separately said Tuesday they were still committed to the Simandou iron ore project in Guinea despite a maneuver by Brazilian rival Vale S A to wrest control of the West African asset from the Anglo-Australian miner's joint venture withGet price

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Vale drops Guinea's Simandou from iron ore project list

The Zogota iron ore mine was referenced in Vale's 2012 results with the miner noting that the project's "scope and schedule" were under review The miner did not mention its second Guinean interest blocks 1 and 2 of the multi-billion-tonne Simandou iron ore reserveGet price

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Simandou Iron Ore Project

The Simandou mine is a large iron mine located in the Simandou mountain range of southern Guinea's Nzrkor Region 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 Get price

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Nimba Iron Ore Project Guinea

18-10-2019Nimba iron ore project is a high-grade direct shipping ore (DSO) deposit in south-east Guinea Africa It is one of the biggest undeveloped on or near-rail DSO projects in West Africa The project is being developed by West Africa Exploration a Get price

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Rio Tinto renews work on Simandou iron ore project in

21-6-2019Rio Tinto is once again exploring ways to realise the potential of the huge Simandou iron ore deposit in Guinea The Simandou project provides access to one of the world's largest untapped (over 2 billion tonnes) high grade iron ore resources in the world Get price

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Guinea Delays Deadline in Simandou Iron Ore Deposit

8-8-2019A senior mining official told Reuters that Guinea has pushed back its deadline to withdraw tender documents for blocks 1 and 2 of Simandou in an effort to boost competition for the world's largest undeveloped iron ore deposit It launched the international tender in mid-July giving companies until August 2 to outline their bids Get price

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GUINEA has pushed back its dea – Realnews Magazine

Simandou contains high grade iron ore which commands a premium and has become sought after by countries including China because processing it creates less pollution than lower grade ore Blocks 1 and 2 have become available following the resolution of one of the legal cases that have embroiled Simandou Get price

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Timeline the battle for Simandou

17-11-2016The Simandou project is one of the world's 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 startingGet price

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Simandou

About Simandou About Simandou The Simandou project provides access to one of the world's 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 world's top iron ore exporters Get price

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Why Rio Tinto Reversed Course on the Massive

18-7-2016Just 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 and was instead putting the project into mothballs Thought surprising atGet price

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Guinea seeks developers for Simandou iron ore deposit

Guinea has said ore from Zogota can be shipped using a Liberian route Those involved in Zogota have said activity around the smaller more manageable project could help to release the deadlock around Simandou One industry source said Australian iron ore company Fortescue Metals was interested in the Simandou tender Get price

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Rio Tinto renews work on Simandou iron ore project in

21-6-2019Rio Tinto is once again exploring ways to realise the potential of the huge Simandou iron ore deposit in Guinea The Simandou project provides access to one of the world's largest untapped (over 2 billion tonnes) high grade iron ore resources in the world It can sustain a mine life in excess ofGet price

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Rio Tinto executives sacked over Guinea consultancy

17-11-2016Earlier Mr Davies — who had overall accountability for the Simandou project — had been suspended from all duties while the investigation was underway Rio Tinto has repeated that it is cooperating with regulators in the United Kingdom Australia and the Get price

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SIMANDOU IRON RICH BLOCKS UP FOR INT'L TENDER

Guinea has launched an international tender for blocks 1 and 2 of Simandou the world's largest undeveloped iron ore deposit giving companies until Aug 2 to outline their bids Mines Minister Abdoulaye Magassouba has told Reuters The tenders for the high grade blocks are expected to be completed 30-days later Source links Australian iron Get price

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The curse of Simandou

29-10-2018Corruption has sterilised one of the greatest iron ore deposits on earth writes Leon Louw One of the most tainted projects in African mining history has made the headlines again after Rio Tinto and Chinese company Chinalco failed to pull off a sales agreement signed in October 2016 Simandou'sGet price

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Rio to restructure Simandou for Chinese infrastructure

3-8-2016RIO Tinto said it would restructure the Simandou iron ore project in Guinea to " facilitate access to infrastructure funding from China" The Anglo-Australian group's newly appointed CEO Jean-Sbastien Jacques said on July 4 that the iron ore market wasn't conducive to the proposed $20bn project Get price

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Guinea opens tender for Simandou iron ore blocks report

Simandou is classed as the world's largest untapped high-grade iron ore deposit with grades which rival those of miner Vale's high-grade Carajas iron ore deposit in northern Brazil A project developed for Simandou blocks 1 and 2 several years ago by Brazil's Vale -- whose rights to the area were later revoked amid a dispute with Israeli Get price

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Guinea seeks developers for Simandou iron ore deposit

22-7-2019CONAKRY July 22- Guinea has launched an international tender for blocks 1 and 2 of Simandou giving companies until Aug 2 to outline their bids as the country seeks to revive interest in the world's largest undeveloped iron ore deposit Guinea's aspirations to develop Simandou have foundered because of the cost of infrastructure Get price

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Rio Tinto forges ahead with Simandou the world's largest

17-5-2016Rio Tinto (LON ASX RIO) the world's second largest mining company is moving ahead with its massive Simandou iron ore project in Guinea by submitting feasibility studies to the country's government The documents which outline details around the development of both the mine and relatedGet price

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Guinea to award Simandou iron ore project to Chinalco

29-4-2013Guinea to award Simandou iron ore project to Chinalco By focus on BSRG for its shenanigans during the presidency of Lansana Conte to acquire mining rights associated with the Simandou iron ore project it looks like a South African miner Patrice Motsepe owner of South African Rainbow Minerals likes what he sees at Simandou Get price

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Rio Tinto New leadership at world class simandou project

11-1-2008Simandou is a major new iron ore province and promises to have the same exciting potential as the Pilbara of the 1960s said Sam Walsh chief executive of Rio Tinto Iron Ore Dr Smith has considerable experience and a range of attributes to ensure the Simandou project is accelerated Get price

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Rio Tinto's Simandou Iron Ore Sale Lapses – ShareCafe

Rio said on Monday the companies would continue to work with the Guinea government to realise value from the iron ore deposit which is arguably one of the best-untapped resources in the world but in a difficult location to develop The Simandou project has been hampered by a series of corruption allegations and legal battles over a decade Get price

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Conakry appoints task force to manage Simandou's future

19-2-2019In anticipation that Australia's Rio Tinto and China's Chinalco will resume talks to reboot the Simandou iron ore mine the third party to the project the Guinean state has created a small committee to assess the matter The three experts should be meeting with representatives of Get price

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Simandou Iron Ore Mine

Home Projects Prefab Steel Worker Residential Cities Simandou Iron Ore Mine - Simandou Project - Temporary Construction Camps for 3 500 Man Simandou Iron Ore Mine - Simandou Project - Temporary Construction Camps for 3 500 Man Prefab Steel Worker Residential CitiesGet price

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Fading prospects for Simandou's development

14-2-2016We won't need new iron ore infrastructure for at least 15 years as we can meet demand from existing projects Rio knows that It is just trying to hang on to it so nobody else puts their foot on it Deutsche Bank mining analyst Paul Young said he pulled Simandou out of his model for Rio three years ago and had no plans to put it back in Get price

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Rio Tinto's Simandou sale lapses

29-10-2018Rio Tinto's desire to exit the controversial Simandou iron ore project in Guinea is back at square one after a deal to sell its stake in the project to its biggest shareholder fell through Rio struck a deal to sell its 45 05 per cent stake in Simandou to Chinese state-owned entity Chinalco inGet price

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Vale awarded US$1 2 billion over Simandou

10-4-2019Rio Tinto had discovered the iron ore deposit more than 20 years but the government awarded half of the project to BSGR then controlled by Israeli billionaire Beny Steinmetz Vale had agreed to buy 51% of BSGR's Simandou assets in 2010 for US$2 5 billion Get price

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Rio Tinto Simandou Exporting Iron Mountains (Part 1 of 2

The Simandou Mountain Range in south-eastern Guinea has one of the world's largest untapped iron ore deposit This biodiversity hotspot is forecast to produce 95 million tonnes of iron ore for export annually potentially doubling the GDP of the Republic of Guinea Wow! Ninety-five million tonnes ofGet price

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How the Iron Ore Market Works (VALE RIO)

31-10-2016The decline in iron ore prices in recent times raised questions about the sustainability of iron ore mining projects around the world For several years expanded production by the big three mining companies created stiff competition in a market that was experiencing a slowdown in demand Get price

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Rio Tinto's sale of Guinea iron ore project falls through

29-10-2018Global miner Rio Tinto's outline deal to sell its stake in the Simandou iron ore project in Guinea has lapsed after years of negotiations failed to produce an agreement with Aluminum Corp of China (Chinalco) Simandou is one of the world's biggest iron deposits containing billions of tonnes ofGet price

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Vast Simandou Iron

7-7-2014Simandou however has been steeped in controversy since then-dictator Lansana Conte took the rights to the northern half of the project away from Rio Tinto even though it had been on the scene since 1997 He awarded those rights to BSG Resources in 2008 alleging Rio was taking too long to develop the iron-ore deposit Get price

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