Company Announcement:AIOG and SOGUIPAMI form JV for 51% ownership of Simandou South Infrastructure Company SPV Simfer

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,...

Simandou mega iron-ore project, Guinea

The current plan for the Simandou project, in south-east Guinea, includes the construction of a mine with a capacity of 95-million tons a year of high-grade iron-ore.

Rio says Simandou JV formed, Chalco makes $1.35bn payment

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...

Company Announcement: Rio Tinto completes formation of Simandou joint venture with Chalco

Rio Tinto and Chinalco's listed subsidiary, Chalco, have completed the formation of their joint venture (JV) to develop and operate the Simandou iron ore project in Guinea, following the completion of all Chinese regulatory approvals.

IFC to arrange $50m Axmin debt deal

Axmin, which trades on the TSX-V, said on Friday the World Bank’s International Finance Corporation (IFC) had agreed to arrange $50-million in debt to fund the company’s Passendro gold project in the Central African Republic (CAR). As part of...

Dutwa nickel laterite project, Tanzania

African Eagle Resources has reported that it is pursuing an aggressive development timeline for its flagship Dutwa nickel project.

$600m Dutwa on ‘aggressive’ project timeline

London- and Johannesburg-listed African Eagle Resources said on Monday it was pursuing an “aggressive” development timeline for its flagship Dutwa nickel project, in Tanzania, which was currently expect to cost $600-million to develop. The...

International Finance Corporation invests in Côte d’Ivoire’s mining sector for the first time

Member of the World Bank Group the IFC has committed to invest C$1.2-million in resource company Sama Resources to support its nickel and copper exploration project in Côte d’Ivoire.

Keynote speaker to address Africa’s mining challenges

This year’s keynote address by the International Finance Corporation (IFC) head of global mining Tom Butler at the annual Investing in Africa Mining Indaba will aim to tackle issues and opportunities relating to the economic impact of mining on...

New project manager, added funding for Dutwa

London- and Johannesburg-listed African Eagle Resources appointed project manager Aidan Schoonbee to lead the development of its flagship Dutwa nickel project, in Tanzania. Schoonbee, who starts February 1, would oversee the completion of the...

Moatize coal project, Mozambique

The board of Vale has approved a $6-billion expansion for its Moatize coal project, to lift output to 22-million tons a year.

Simandou mega iron-ore project, Guinea

Rio Tinto is accelerating the development of the Simandou iron-ore project.