China Baowu raises $1.4bn via bond, mostly for Simandou iron ore project
The world’s largest steelmaker China Baowu Steel Group has raised 10 billion yuan ($1.4 billion) from a bond issue, in part for the giant Simandou iron ore project in Guinea, it said on Monday.
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Rio Tinto inks infrastructure deal for Simandou iron ore project
Mining News Pro - Rio Tinto on Friday concluded key agreements with the government of Guinea and Winning Consortium Simandou (WCS) on the trans-Guinean infrastructure for the Simandou, one of the world’s largest deposits of iron ore.
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Cameroon to start building railway to disputed iron ore project in August
Mining News Pro - Cameroon will begin construction in August of a railway line connecting its coast to a large iron ore deposit straddling its border with Congo Republic, the interim mines minister said.
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China to speed up iron ore projects to secure domestic supply
Mining News Pro - China’s state planner on Wednesday said it will accelerate the construction of iron ore exploration projects and improve its capability to ensure iron ore supplies.
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Simandou iron ore project to restart in March
Mining News Pro - Work on Guinea’s massive Simandou iron ore mine and infrastructure project is set to restart in March, Guinea’s military junta said in a Jan. 30 statement seen by Reuters on Wednesday.
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Rio Tinto, China Baowu to develop Australian iron ore project for $2bn
Mining News Pro - Rio Tinto Ltd said on Wednesday it would team up with its biggest customer China Baowu Steel Group to develop an iron ore project in Western Australia for $2 billion as it looks to prop up its production from the Pilbara region.
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Rio Tinto inks deal to unlock huge Simandou iron ore project
Mining News Pro - Rio Tinto Group said it’s formed a joint venture with the Guinea government and Winning Consortium Simandou to develop infrastructure including a railway and port in a breakthrough that should help unlock the world’s biggest untapped iron ore deposit.
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Guinea halts Simandou iron ore project again
Mining News Pro - Guinea’s mines minister has once again ordered a full suspension of activities related to the Simandou iron ore mine project after the two companies involved missed an extended deadline to agree on a joint venture.
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Rio Tinto seals heritage protection plan for iron ore project
Mining News Pro - Rio Tinto Group, the world’s top iron ore producer, has agreed a heritage protection plan with an indigenous landowner group for a project in Western Australia, as it looks to guard against a repeat of the 2020 destruction of a sacred site at Juukan Gorge.
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Fe blasts off at JWD iron ore project
Mining News Pro - Iron ore junior Fe has made another step towards progressing the JWD project in Western Australia after completing its first blast, with the crushing and screening plant to go online later this week.
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Sundance seeks $8.8bn in damages over canceled Congo iron ore project
Mining News Pro - Australian miner Sundance Resources said on Monday that it had initiated an arbitration process against Congo Republic for damages of $8.76 billion after the Congolese government revoked its permit for the Nabeba iron ore project.
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Friedland’s Nimba iron ore project to get World Bank backing
Mining News Pro - The World Bank is said to be mulling an $135 million investment in the proposed Nimba iron ore mine in southeastern Guinea, which is owned by Canada’s High Power Exploration (HPX), a privately-held company founded my mining mogul Robert Friedland.
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SIMEC, Havilah extend exclusivity on South Australia iron ore projects
Mining News Pro - Havilah Resources has agreed to provide GFG Alliance-subsidiary SIMEC Mining additional time to carry out due diligence at two of its iron ore projects, Grants and Maldorky.
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SIMEC continues deal with Havilah at iron ore projects
Mining News Pro - SIMEC Mining has extended its exclusivity period at Havilah Resources’ Maldorky and Grants iron ore projects in South Australia.
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MinRes to buy Kumina iron ore project from BCI Minerals
Mining News Pro - BCI Minerals has secured the first sale of its Pilbara iron ore divestment process by agreeing to offload the Kumina project to Mineral Resources (MinRes) for up to $35 million.
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Rio Tinto to invest $1.55 billion into Pilbara iron ore projects
Mining News Pro - Rio Tinto plans to sustain production of its high-grade iron ore products through a $US1.55 billion ($2.1 billion) investment in two Robe River joint venture projects in the Pilbara, Western Australia.
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