Page 59 - Simandou News Today

Friedland-backed HPX to fast-track Guinea iron ore project Mount Nimba lies at the intersection of Liberia, Guinea and Côte d’Ivoire. ( Billionaire Robert Friedland-backed High Power Exploration (HPX) said on Monday it had raised $200 million for its proposed Nimba iron ore mine in southeastern Guinea, home to some of the world’s highest-grade deposits, including Simandou. The funds will enable the Canadian company to fast-track the development of the project, which is expected to produce...

BlackRock World Mining Trust Plc - Final Results PR Newswire Annual Results Announcement (Article 4 Transparency Directive, DTR 4.1) for the year ended 31 December 2020 Performance record 536.34 522.00 2,3 3 3 ======== 1 The change in net assets reflects market movements, dividends paid and the buyback of ordinary shares into treasury during the year. 2 This is the difference between the share price and NAV per share with debt at par. Further details of the calculation of the discount...

‘Mick the Miner’ faces biggest test yet with iron ore venture Sir Mick Davis hopes to tap into Guinea’s vast reserves - but the deposits have a long and complicated legal history 25 February 2021 • 11:59am Sir Mick Davis has already left his mark on the mining world in his decades-long career at the top. ‘Mick the Miner’ helped bring Billiton to the London market and merge it with BHP, before transforming Xstrata into a £40bn giant. He left to go it alone after a bruising takeover ...

‘China is motoring ahead’: Australian mining giants ride Beijing’s cash splash We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Very large text size This time last year, when coronavirus cases started sweeping the world, Rio Tinto’s Jakob Stausholm was doing the same thing as most other chief financial officers of big global businesses: steeling himself for a period of economic disruption. China, which consumes half of...

Miners are also expected to benefit from an expected rebound in the global economy from the rollout of COVID-19 vaccine

Rio Tinto plc (RIO) Q4 2020 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Rio Tinto plc (NYSE: RIO) Popular Searches Operator Ladies and gentlemen, thank you for standing by, and welcome to the Rio Tinto Full Year 2020 Results Conference Call. [Operator Instructions] I must advise you that this conference is being recorded today. I would now like to hand the conference over to your speaker today, Mr. Menno Sanders...

The Glencore boss says China is certain to develop a new iron ore province in Africa and won’t be bothered by the high cost of its protectionist coal policies

Aiming high: can China’s steel industry hit its ambitious targets? China’s next Five-Year Plan has some tough goals for the country’s steel industry. It goes beyond solving problems like overcapacity and improving domestic raw-material security, to making its operations greener. Can it be done? And in such a short timeframe? We assessed the main issues and set out the most likely scenarios over the next five years in a new insight, Can China meet its ambitious targets for steel? Visit the...

Winning Consortium has chosen the companies which will assess the environmental and social impact of the development of blocks 1 and 2 of the Simandou iron ore project.

Steinmetz bets on Brazilian investigation against Vale Israeli billionaire Beny Steinmetz has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea. Image from Beny Steinmetz’s website. Israeli diamond and mining tycoon Beny Steinmetz is betting on Brazil’s authorities in his battle against Vale. In January, the billionaire businessman was found guilty of bribing a public official to secure the giant Simandou iron-ore mine in Guinea. He wa...