Page 7 - Simandou News Today

Angela Bennett never wanted the family business. The daughter of prospector Peter Wright almost sold it all. Now it’s about to become a bonanza.

HFZ Capital Group’s luxury developers staked their futures on Bjarke Ingels’s High Line debut and lost everything. Over the past 18 months, the firm has been obliterated by foreclosures and investor lawsuits.

(Bloomberg) -- Guinea’s National Transition Council approved a joint venture between Rio Tinto Plc, China-backed Winning Consortium Simandou and the government that seeks to develop the world’s biggest untapped iron ore reserve. Most Read from BloombergIraq Says 16 Killed in US Strikes, Calls Security Risk GraveJapan Assures Fans Taylor Swift Can Make It to the Super BowlBiden Swipes at Trump’s Personality in ‘Weirdest Campaign’ YetElon Musk Took Drugs With Som...

Lawmakers in Guinea approved on Saturday a joint development deal for its giant Simandou iron ore project involving the junta-led government, Rio Tinto, and Winning Consortium Simandou, the... -February 04, 2024 at 11:58 am EST - MarketScreener

Anglo American has also sought projects in Congo, showing interest in Eurasian Resources Groups (ERG) assets in the country, a third source said, adding a potential deal might have foundered as the company tries to control costs.

Risk aversion is likely to leave major Western miners lagging in a race to tap Africas reserves of critical raw materials that has gathered pace now Middle Eastern oil powers have begun to...

Mining Engineering Online

Mining Engineering Online

China Baowu Steel Group (Baowu) has raked in CNY10bn ($1.4bn) through a bond issue, a major chunk of which will be used to fund the Simandou iron ore project in Guinea, according to a Reuters report.

The worlds largest steelmaker China Baowu Steel Group has raised 10 billion yuan from a bond issue, in part for the giant Simandou iron ore project in Guinea, it said on Monday. The...