Page 40 - Simandou News Today

Blaming Investors, Guinea Again Suspends Simandou Iron Ore Project - While the West African country’s ruling junta blamed investors for the halt, sources say that investors had submitted an agreed upon JV plan to the government, but never heard back

Shares in the sofa seller slipped 0.7% or 1p, to 152p after announcing its chief financial officer Mike Schmidt will leave after three years.

Rio Tinto, the second-largest Australian mining company, has faced a fresh setback in its push to develop the long-stalled Simandou iron ore project.

Rio Tinto’s Guinea subsidiary and Chinese-backed consortium Winning Consortium Simandou have shown a “lack of willingness” to work on a partnership, the mines minister said.

Guinea’s military government previously suspended construction of the mine and related infrastructure in March.

Guinea's government on Tuesday ordered all work stopped on the Simandou iron ore mine project, which is partly owned by Rio Tinto (RIO), after an extended deadline to create a joint...

Whitehaven Coal (ASX: WHC) has been forced to face the music as a group of bushfire survivors known as Bushfire Survivors for Climate Action (BSCA) have launched legal action in an attempt to block a major expansion of the company’s coal mine in New South Wales.

In the ongoing negotiations over the Simandou iron ore project, Conakry is primarily focused on infrastructure for the mine. One company developing the deposit, Rio Tinto, is however pushing to make

Mines minister said Rio Tinto's subsidiary Simfer and China-backed consortium WCS have shown a "lack of willingness" to work on a partnership.

Australian shares are set to edge lower with US markets closed for the July 4th holiday. Rate decision at 2.30pm AEST. $A and bitcoin rally.