simandou iron ore project corruption

Wealth of iron ore in Guinea''s Simandou buried by …

2020-1-2 · Simandou has been called the El Dorado of iron ore; it''s thought to be the biggest untapped resource of its kind on the planet and is worth a fortune. The problem is, too many companies want a piece of it and the intrigue and alleged corruption that have surrounded its exploitation seem lifted from a John le Carré espionage novel. The battle ...

iron ore mining: Guinea suspends Simandou iron ore …

2022-3-12 · Guinea suspends Simandou iron ore project, saying there has been no progress. Simandou, in Guinea''s remote south-eastern corner, is the largest known deposit of its kind, holding more than 2 ...

Guinea halts Simandou iron ore project again

2022-7-6 · GUINEA''S mines minister has once again ordered a full suspension of activities related to the Simandou iron ore mine project after the two companies involved missed an extended deadline to agree on a joint venture. Mines Minister Moussa Magassouba, a member of the ruling junta, said that both Rio Tinto''s subsidiary Simfer and Chinese-backed consortium …

PROJECT DESCRIPTION

22  · The government of the Republic of Guinea, Winning Consortium Simandou (WCS), and Rio Tinto Simfer have incorporated the La Compagnie du TransGuinéen (The TransGuinean Company) to further progress plans to co-develop the multi-purpose and multi-user infrastructure for the Simandou iron ore project.

Rio Tinto inks Simandou joint venture

2022-7-29 · Rio Tinto and Winning Consortium Simandou (WCS) have got their ducks in a row, formalising a joint venture (JV) to advance the Simandou iron ore project in Guinea.. Established in partnership with the Guinea Government, the La Compagnie du TransGuinéen (The TransGuinean Company) will progress plans to co-develop Simandou''s infrastructure, …

Simandou iron ore deposit in Guinea: Vale asks US court …

2020-12-14 · Steinmetz is the founder and owner of BSG Resources, a company embroiled in a long-drawn-out dispute with Vale over lost rights to the massive Simandou iron ore project in Guinea. The Israeli magnate said in May 2019 that he had evidence that will help him reverse the London Court of International Arbitration award to Vale of $1.25 billion plus ...

Guinea/China: Negotiations turn complicated over …

2021-5-11 · However, construction on the mega-project''s first piece of infrastructure was finally launched on 23 March, one year and three months after the Sino-Singaporean-Guinean consortium was awarded its mining licences. The aim of this project is to develop Simandou, the continent''s largest iron ore deposit. A "historic milestone"

Risks of Guinea coup to Chinese projects manageable

2021-9-6 · Guinea is home to the Simandou project, the world''s largest undeveloped iron ore deposit. The project has accumulated reserves of more than 10 billion tons of …

Will Simandou''s high-grade iron ore end Australia''s …

2021-6-4 · Guinea''s proposed Simandou iron ore mine is a monster, but experts are sceptical it will end China''s reliance on Australian iron ore or hammer prices. ... He noted the cost of Simandou in 2015 – when Rio shelved the project as the iron ore price fell away – was rumoured to be US$22 billion, complicated by the Guinean government''s ...

Rio Tinto given 14-day ultimatum at Simandou

2022-6-20 · Rio Tinto and its partners now have under two weeks to finalise a joint venture regarding the Simandou iron ore mine in Guinea or risk losing their mining licences.. Guinea''s interim president Mamady Doumbouya held a meeting with the project partners, which include Rio Tinto and China-backed Winning Consortium Simandou, late last week, providing a 14-day …

Rio Tinto Simfer to co-develop infrastructure for the …

22  · The government of the Republic of Guinea, Winning Consortium Simandou (WCS), and Rio Tinto Simfer have incorporated the La Compagnie du TransGuinéen (The TransGuinean Company) to further progress plans to co-develop the multi-purpose and multi-user infrastructure for the Simandou iron ore project.

Scandal and intrigue overshadow environment …

2015-1-20 · The Simandou iron mountain contains over two billion metric tons of high grade ore in the southern Blocks 3 and 4 alone. This would make Rio Tinto and its primary partner, the state-owned Aluminum ...

TIMELINE: The battle for Simandou

2021-1-22 · October 2012 – Vale says it is putting its Simandou project on hold, blaming falling iron ore prices. In the same month, the Guinean mining committee writes to BSGR detailing bribery allegations.

Guinea halts Simandou iron ore project again

2022-7-4 · At two billion tonnes in iron ore reserves and some of the highest grades in the industry (66% – 68% Fe, which attracts premium pricing), Simandou is one of the most easily exploitable iron ore ...

Guinea halts development works at Simandou iron ore …

2022-7-5 · The Simandou iron ore deposit is located in the Simandou mountain range in south-eastern Guinea, believed to be the world''s biggest untapped high-grade iron ore deposit. It was discovered in 2002, but most of the ore body has remained dormant due to lengthy legal battles involving charges of corruption and bribery for mining rights.

The curse of Simandou

2019-1-17 · The curse of Simandou. Corruption has sterilised one of the greatest iron ore deposits on earth, writes Leon Louw. One of the most tainted projects in African mining history has made the headlines again after Rio Tinto and Chinese company Chinalco failed to pull off a sales agreement signed in October 2016.

Simandou Iron Ore Deposit, Republic of Guinea, West Africa

2022-7-28 · Simandou offers a potentially huge new source of supply for Rio, the world''s largest iron ore producer, while China sees the project as key …

Rio Tinto, WCS, Guinea form JV to develop Simandou iron …

2022-7-28 · In March this year, Rio Tinto, WCS, and the government of Guinea reached an agreement to resume the development of the Simandou iron ore deposit. Earlier this month, the government of Guinea ordered Rio Tinto and WCS to stop works on the project, citing the two parties failed to agree on a JV, as required by the agreement.

China''s IT Ministry Hit With Corruption Probe Amid US''s …

2022-7-29 · China''s IT Ministry Hit With Corruption Probe Amid US''s Attempts To Restrict China''s Tech Dominance

Mining and corruption Crying foul in Guinea

2020-1-2 · project mired in allegations of corruption, expropriation and corporate espionage. Simandou, a mountainous area in southern Guinea (pictured), has been called the El Dorado of iron ore. It is the world''s largest known untapped deposit of the stuff, with enough ore to sustain annual production of 200m tonnes—7% of global iron-ore

Iron Mine on Simandou Mountain Range, Mine de Fer, …

2019-3-5 · En Francais ci-dessous ----- Simandou iron deposit in South-West Guinea is well-known for the decades of a corruption saga, documented by the foreign press and discrediting mining multinationals and Guinean former political leaders. Alpha Condé became in 2010 the first democratically elected President of his country. He set up a committee, the Technical …

Rio Tinto signs rail, port JV with China-backed consortium …

2022-7-28 · RIO Tinto''s Guinea subsidiary has formed an infrastructure joint venture with Winning Consortium Simandou (WCS) and the government, paving the way for work to resume on the world''s largest undeveloped iron ore project. The joint venture (JV) for the Simandou railway and port is a milestone for Rio and WCS, whose shareholders include a unit …

THE SIMANDOU CONSPIRACY

2020-1-2 · iron ore projects from 2006 to 2010, developing a greenfield project on the brink of being a high quality bankable mining concession. BSGR established its mining exploration project in Guinea in 2006. Having discovered a major greenfield deposit in an area known as Zogota, it invested very large sums of money in its expedited prospection

Guinea: Fierce power struggles at Simandou Mine

2022-3-30 · The suspension of work related to the exploitation of the mega-iron deposit in South-Eastern Guinea has taken its private operators, SMB-Winning and Rio Tinto, by surprise. Tensions between government authorities and the mine''s operators at Simandou have been wrenched up a notch. Even though the consortium SMB-Winning and the Rio Tinto group ...

Simandou: Guinea Iron Ore Tender Likely To Be …

2019-8-5 · A new tender for iron ore concession raises eyebrows among miners in Guinea. The Guinean government on 13 July issued a tender for the smaller half of the Simandou iron ore resource: blocks 1 and 2. The controversial …

Simandou, Nimba and Zogota: the long and difficult road …

2022-7-11 · Simandou iron ore: Winning Consortium clashes with Soguipami over granite . Guinea''s state-owned Soguipami mining firm has told the purchaser of Blocks 1 and 2 at Simandou iron ore project to halt the exploitation of granite used to build the site''s infrastructure.

BSG Resources won Guinea mining rights through bribery, …

Arbitration ruling over licences for Simandou iron ore project cites ''overwhelming evidence'' of ''corrupt practices'' Mist shrouds the Simandou mountains in Beyla, Guinea, June 4 2014 ...

China inches closer to getting alternative iron ore supply …

2022-7-29 · Simandou''s additional point of difference lies in its top quality ore, which have 65% iron content. Most of the miners in Australia and Brazil tend to …

RIO sets date for iron ore Judgement Day

2022-7-30 · The deal is a breakthrough for Rio, after a setback earlier this month when the Guinea government asked the global miner and WCS to halt construction at the Simandou iron ore project. The project ...

Where next for Guinea''s giant Simandou project?

2022-3-31 · The Simandou mine, located in Guinea''s southern Nzérékoré Region, contains an estimated 2.25bn tonnes of high-grade iron ore, making it one of the largest deposits of its kind in the world. Analysts have long believed the mine could produce 150 million tonnes of the key steel ingredient per year, doubling Guinea''s GDP and creating ...

Simandou Iron Ore Project

2014-6-10 · The Simandou iron ore project is located in eastern Guinea, approximately 600km from the Guinean coast and 400km from the Liberian coast. Image courtesy of Rio Tinto. 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.