Rio Tinto to Sell its Stake in Guinea’s Simandou Project

According to a recent press statement, Rio Tinto has signed a non-binding agreement to sell their entire stake in the Simandou project in Guinea to Chinalco Mining Corporation International, a Chinese...

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VALE IN GUINEA

In February 2011, the Brazilian Vale group said it planned to assist Guinea by investing more than $US1 billion in upgrading the existing 662km railway from Conakry to Kankan in Guinea. It was in...

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ORE FROM GUINEA

London-based Rio Tinto is spending $1 billion on the first phase of its Simandou project in Guinea, which is estimated to produce 95 million tons of ore by 2015. It is to invest more than $10 billion...

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MINE RAILWAY GO-AHEAD IN GUINEA

On 22 April, Rio Tinto’s Simfer subsidiary signed a US$700m mining agreement with the government of Guinea. This gives the green light for cnstruction of a 650km railway linking iron ore mines at...

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VALE & GUINEA

Brazil’s Vale SA and the government of Guinea are in talks about the rail refurbishing project between Conakry and Kankan (662km) which the company was to undertake. President Alpha Conde halted the...

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GUINEA CANCELS VALE AGREEMENT

Newly appointed Guinea president Alpha Conde has cancelled the railway upgrade agreement with Brazilian mining company Vale, planning instead to open the contract to competitive bids. Vale, which...

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TRACK RELAYING IN GUINEA

On 22 February, Brazilian mining giant Vale SA started laying track on the 330km Conakry-Kankan railway in Guinea. A statement released by Vale explains it is refurbishing the line as part of an...

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GUINEA: SIMANDOU PROJECT GAINS MOMENTUM

Anglo-Australian miner Rio Tinto has approved $US170 million of additional funding for work to be done on mine, rail and port infrastructure for the Simandou iron-ore project in Guinea. This...

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(CVRD) entered into contracts

Companhia Vale do Rio Doce (CVRD) has entered into contracts with the government of Liberia for the construction of an integrated railway port system for transporting the production of iron ore from...

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SIMANDOU IRON ORE PROJECT IN GUINEA

Rio Tinto has approved $US170 million to further fund the construction of the rail and port for its Simandou iron ore project. "Simandou will be the largest integrated iron ore mine and...

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