Guinean President Alpha Conde's emphatic reelection appears to have subdued a combative opposition but a lingering Ebola outbreak and a slump in metals prices are dogging his plan to revive the West African state's economy. Frequent demonstrations by opposition parties angry at Conde's election... →
By: Natasha Odendaal
The independent maiden inferred mineral resource estimate for the Toubal bauxite deposit, in Guinea, West Africa, has been labelled an important milestone for Irish-registered Anglo-African Minerals (AAM) subsidiary Tougué Bauxite and Alumina Corporation (Toubal). AAM CEO James Lumley said in an... →
Landlocked Mali aims to diversify its mining sector away from gold with Chinese-built rail projects worth $9.5-billion that would link it to the Atlantic coast, even as slowing Chinese growth and falling commodity prices cool investment. The West African nation - the continent's third-largest... →
By: Natalie Greve
After delivering 268 000 t of iron-ore to market thus far this year, Aim-listed Bellzone Mining’s 50%-owned Forecariah joint venture (FJV) operation, in Guinea, is now in dispute with its contracted barge operator. The iron-ore producer said in a statement on Friday that it had recently been... →
By: Esmarie Swanepoel
ASX-listed Cape Lambert Resources on Thursday noted that mining giant Rio Tinto’s development of the $20-billion Simandou iron-ore project, in Guinea, could offer an infrastructure solution for its own Sandenia project.
Rio and its partners Chinalco and the International Finance Corporation last... →
By: Ilan Solomons
Iron-ore, diamonds and ferronickel mining company BSGR Mining & Metals CEO Marc Struik says he will attend the 2014 Investing in African Mining Indaba to network with potential investors and other mining industry stakeholders. “Meeting with bankers, financiers and mining juniors and majors, as... →
By: Leandi Kolver
A decrease in the grades of iron-ore produced in China, and reduced Indian exports, as a result of high taxes and mining bans, were providing an opportunity for new iron-ore supply to come on line to fuel China’s urbanisation, minerals industry consultancy Kai Batla geologist Anika Solanki said... →
Guinea's government published contracts it has signed with mining firms including majors Rio Tinto and Rusal in a bid for more transparency in a sector plagued by corruption and mismanagement. President Alpha Conde vowed after taking office in 2010 following his election to revamp the... →
Guinea is focusing a review of its resource contracts on three deals that it says were signed under murky conditions, including an agreement involving one of the world's biggest iron-ore deposits, a source close to the review said.
They include BSG Resources' deal to obtain half of the giant... →
By: Henry Lazenby
The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) on Friday said it had launched its first African branch in Dakar, Senegal, from which it intended to manage a number of new initiatives aimed at improving collaborative endeavours with West African countries.
The CIM said the... →
Conakry, Geneva and London: African Iron Ore Group Limited and Société Guinéenne du Patrimoine Minier, the Government of the Republic of Guinea’s investment vehicle, are pleased to announce their agreement to form a joint venture company, Infrastructures Minières de Guinée Holdings Ltd →
By: Creamer Media Reporter
Diversified mining group Rio Tinto and a consortium led by Chalco, a subsidiary of State-owned Aluminium Corporation of China, have completed the Simandou joint venture (JV), after receiving Chinese regulatory approval.
The Chinese approval triggered an earn-in payment of $1.35-billion from... →