Page 27 - Beyla News Today

Israeli businessman Beny Steinmetz is given a jail term by a Swiss court in a historic corruption case.

Rewild, the Hollywood stars conservation charity, sent a delegation to Guinea after an invitation from Winning Consortium Simandou, which is involved in a giant iron ore project there. The charity

The CEOs of Australia’s top three iron ore miners have used a trip to Beijing to praise China’s economic turnaround, saying they want to work with it to tackle climate change.

Australian mining industry representatives are putting more emphasis on the Chinese market, the major world economic driver, as they attend the China Development Forum 2023 in Beijing from Saturday to Monday and meet industry partners.

Construction Restarts at Chinese-Backed Simandou Iron Ore Mine - Work on the West African mine, said to hold the world’s largest untapped deposit of high-grade iron ore, resumed after Guinean officials were finally able to get shareholders to move forward

The Guinea Government, and Rio Tinto and its partners have resumed work on infrastructure to restart the Simandou iron ore mine.

A ceremony for the resumption of the Simandou mining project, the worlds largest undeveloped iron ore deposit, took place on Saturday, the Guinean government announced on Sunday, meaning the project has officially entered into substantive development after a one-year suspension.

The government of Guinea and its partners have resumed work on building the Simandou infrastructure and mine.

The $15 billion Simandou project was restarted Saturday.

Bearish sentiment continues to dominate the oil market, putting oil prices on course for a more than 10% weekly loss.