That would have huge implications for both Guinea, which is facing political upheaval as President Alpha Conde(pic) pushes for a third term, and the global iron ore industry.
LONDON: For years, the massive iron deposits under Guinea’s mountainous jungle were practically forgotten by the mining industry. Caught up in wrangles between owners and authorities in the West African nation, it seemed the super-rich ore might never be dug up.
That all changed last year, as investors from billionaire promoter Robert Friedland to legendary dealmaker Mick Davis converged on the country in a modern day resource rush. For the first time in years, projects like Simandou-Guinea’s crown jewel deposit-might finally be developed.
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