.gif)
Loading
Acting President Mamady Doumbouya said partners in Guinea’s Simandou iron ore mine have 14 days to finalise a joint venture.
Guinea has become increasingly impatient with the companies that control the giant Simandou deposit, which has not been developed since Rio obtained an exploration licence 25 years ago.
In March, the ruling junta signed an agreement with Rio and WCS under which the companies would collaborate on the construction of a 670-kilometre railway and port to bring Simandou’s high-grade ore to market.
Doumbouya said that there had been insufficient progress since then. The Guinean authorities had already warned that the companies risked losing their mining licences if they did not meet the tight construction schedule for the Simandou project.
