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Iron ore mining companies in guinea

Oct 05, 2021 Our vision is to create a long-term, sustainable mining project that is integrated into the environmental, economic and social fabric of the region. We, the Soci t des Mines de Fer de Guin e (SMFG), have been entrusted by the people of Guinea to responsibly develop the Nimba Iron Ore Project and create a positive contribution for future generations

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  • Simandou Iron Ore Project - Mining Technology

    Simandou Iron Ore Project - Mining Technology

    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. The project is being developed by Rio Tinto in partnership with the Government of Guinea, Aluminium Corporation of China (Chinalco) and the International Finance Corporation (IFC)

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  • TerraCom signs MoU to acquire Kalia iron ore project in Guinea

    TerraCom signs MoU to acquire Kalia iron ore project in Guinea

    Aug 16, 2021 TerraCom signs non-binding MoU to acquire Kalia iron ore project in Guinea. 16 Aug 2021 (Last Updated August 16th, 2021 15:24) The acquisition will bolster TerraCom’s strategy to become a global producer of bulk commodities. TerraCom will

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  • Guinea – Alufer Mining Limited

    Guinea – Alufer Mining Limited

    Deposits of bauxite, iron ore, gold and diamonds with significant geological potential. Country accounts for c. 27% of global bauxite reserves (Source: The Bauxite Index). Transitioning to a Stable Democracy. Guinea’s first democratic presidential elections were held in November 2010 and parliamentary elections were held in September 2013

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  • Guinea Mining and Industrial News | African Mining Market

    Guinea Mining and Industrial News | African Mining Market

    Oct 21, 2021 Iron Ore’s African future is slowly advancing, Rio Tinto says. Rio Tinto Group is making progress on the development of Guinea’s giant Simandou iron ore deposit,…. Jun - 2020 -. 10 Jun. Iron Ore. Reuters News. 0

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  • Friedland eyes Guinea’s ‘caviar of iron ore’ with $200m

    Friedland eyes Guinea’s ‘caviar of iron ore’ with $200m

    A company controlled by billionaire mining investor Robert Friedland has raised $200m for the development of a large iron ore deposit in an environmentally sensitive part of Guinea. The funds

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  • Friedland-backed HPX to fast-track Guinea iron ore

    Friedland-backed HPX to fast-track Guinea iron ore

    Mar 08, 2021 Guinea’s most famed iron ore project is the giant Simandou, which Rio Tinto, Vale and billionaire Beny Steinmetz’s BSG Resources fought over for

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  • Stake in huge iron ore mine in Guinea may cut China’s

    Stake in huge iron ore mine in Guinea may cut China’s

    Apr 03, 2021 Anglo-Australian mining giant Rio Tinto owns a shade over 45 per cent of blocks 3 and 4, while Chinese firm Chinalco holds just under 40 per cent and the Guinean

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  • With Iron Ore Mines in Guinea and Sierra Leone Now

    With Iron Ore Mines in Guinea and Sierra Leone Now

    May 25, 2021 The Head of a Major Chinese Mining Company Flew to Sierra Leone Just Days After Parliament Cleared the Way for Expanded Iron Ore Shipments Colin Ding,President of Kingho Energy Group, landed in Freetown this week, just days after Sierra Leone’s parliament voted to ratify a port and rail lease agreement that will facilitate the export of

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  • What is the Future of Guinea's Mining Sector After the

    What is the Future of Guinea's Mining Sector After the

    Oct 11, 2021 Guinea is the world’s second largest producer of bauxite, the ore needed to produce aluminum, and has rich iron ore, gold, and diamond reserves. The coup raises three fundamental questions about

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  • Rio Tinto seeks closer cooperation with Chinese partners

    Rio Tinto seeks closer cooperation with Chinese partners

    Apr 01, 2021 Simandou, in the remote southeastern corner of Guinea, is the world's largest known iron ore deposit of its kind, with about 10 billion tons of iron ore reserves, data showed

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  • Mining industry of Guinea - Wikipedia

    Mining industry of Guinea - Wikipedia

    The mining industry of Guinea was developed during colonial rule.The minerals extracted consisted of iron, gold, diamond, and bauxite. Guinea ranks first in the world in bauxite reserves and 6th in the extraction of high-grade bauxite, the aluminium ore. The mining industry and exports of mining products accounted for 17% of Guinea’s gross domestic product (GDP) in 2010

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  • China consortium wins rights to develop Guinea iron ore

    China consortium wins rights to develop Guinea iron ore

    Rio Tinto, one of the world’s biggest mining companies, ... He said the rail line could also serve other iron ore projects in Guinea, including blocks 3 and 4 of Simandou — owned by Rio Tinto

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  • What is the impact of the coup in Guinea on the country's

    What is the impact of the coup in Guinea on the country's

    As far as iron ore rights are concerned, Chinese companies have acquired most of Simandou's mining rights. At present, the winning Alliance (SMB-Winning Consortium) in blocs 1 and 2 of northern Simandou holds 85 per cent of the shares, the Guinean government 15 per cent, Rio Tinto of southern blocs 3 and 4 45.05 per cent, Chinalco and Baowu 39

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  • Simandou Iron Project Finally Taking Off ... - Mining Africa

    Simandou Iron Project Finally Taking Off ... - Mining Africa

    Aug 25, 2020 Known in the mining industry as a potentially major source of iron ore, the Simandou deposit in Guinea has been the subject of much controversy over the years. After businessman Beny Steinmetz successfully orchestrated a peaceful settlement with the Republic of Guinea, the deposit could finally be developed, and progress is being made to

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  • Iron ore: China’s Guinea mine is about security, not economics

    Iron ore: China’s Guinea mine is about security, not economics

    Apr 14, 2021 China’s Guinea mine is about security, not economics. Beijing’s investment in a greenfield project in Guinea is intended not so much to slash prices for Chinese steelmakers, but to

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  • Guinea set to supply iron ore from 2026 | Hellenic

    Guinea set to supply iron ore from 2026 | Hellenic

    First, all of Guinea’s iron ore supply will be shipped to China. Second, Guinea’s combined annual iron ore production from block 1-4 will be 120 million tonnes (phase 1) in 2026 and will

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  • Military coup could cruel China’s plans for mining in

    Military coup could cruel China’s plans for mining in

    Sep 16, 2021 In addition to iron ore, China is also worrying about disruption to its supply of aluminium. As the world’s second largest supplier of bauxite, Guinea meets 55% of China’s demand for it. With fears that the political turmoil could disrupt supply, the price of aluminium hit a 10-year high on the day after the coup. For now, mining companies

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  • Monsters of Rock: Guinea military coup opens door for ASX

    Monsters of Rock: Guinea military coup opens door for ASX

    Sep 06, 2021 Commbank analyst Vivek Dhar said political instability in Guinea had the potential to both disrupt the global aluminium supply chain and the timeline of supply ructions for iron ore miners. “In the 12 months to July 2021, China’s bauxite imports from Guinea surged by 34%/yr,” he wrote in a note. “That has helped Guinea account for just

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  • Guinea iron ore reserves could reshape global supply chain

    Guinea iron ore reserves could reshape global supply chain

    Oct 01, 2020 Discovered in the 1990s, the Simandou deposits hold more than 8.6 billion tons of iron ore with an average content of 65% iron, according to Guinea’s National Institute of Statistics. “The reserve of Simandou is so rich that one can get minerals with a simple shovel,” a mining

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  • Mick Davis walks away from Guinea vehicle he

    Mick Davis walks away from Guinea vehicle he

    Sep 24, 2021 Mining veteran Mick Davis has cut ties with Niron Metals, an investment vehicle he co-founded in 2019 to develop Guinea’s Zogota iron ore deposit, previously owned

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