Page 30 - Beyla News Today

Ground Breakers: Fatality at BHP railyard shuts Pilbara operations, FMG presses go button on Gabon iron ore

Fortescue Metals (FSUMF) said it entered into a deal with Gabon's government to start mining the Belinga iron ore deposit in this year's H2

Among the companies with reports and trading updates today are BP and Ferrexpo.

Work is well under way on a port to ship iron ore dug from the mountain region of Simandou, home to the largest untapped high grade ore deposit on earth.

Work on Guinea’s massive Simandou iron ore mine and infrastructure project is set to restart in March, Reuters reported Wednesday

Authorities ordered work to stop in July last year in a bid to force the shareholders to agree joint venture terms.

Guineas military government has announced that it is going to relaunch the developmnet works at the Simandou mine, one of the largest untapped deposits of high-grade iron ore, following consultations with Chinese investors and officials

Ground Breakers: Forrest says Fortescue’s African iron ore will blend ‘spectacularly’ with Pilbara output

Australian headline inflation tops 7.8%, hotter than forecast. Microsoft records slowest sales growth in 6 years. Woodside posts record oil production. Laybuy delists.

Analysts say the backers of Guinea’s Simandou iron ore mine are investing in small, sub-scale equipment that will get them to market quickly but hamper expansion.