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Fortescue & SMB-Winning to Develop Guinea's Simandou Iron Ore

Mining News - Published on Wed, 09 Oct 2019

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Australian miner Fortescue and Guinea's biggest bauxite exporter SMB-Winning are the last two companies in the running for the rights to develop blocks 1 and 2 of Guinea's massive Simandou iron ore deposit. A commission in charge of the international tender for Simandou blocks 1 and 2, launched by Guinea's government in July, should come to a final decision in around a month.

Brazil's Vale had also purchased access to the project data, but did not submit an offer.

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Posted By : Rabi Wangkhem on Wed, 09 Oct 2019
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