Agreement between Guinea’s transitional government, Rio Tinto and Chinese investors paves the way for work to resume in March
13 March 2023 - 22:00Conakry — Guinean authorities and shareholders have agreed on the terms of a joint venture to mine Simandou, one of the world’s largest deposits of iron ore, paving the way for work to resume this month, the presidency said on Monday.
All parties signed a shareholder pact for the La Compagnie du TransGuinéen joint venture on March 8, marking a “crucial step” in negotiations between the Guinean state and industrial partners, the presidency said in a statement dated March 8, but tweeted on Monday. “Today marks the most important date in the development of the Simandou project,” WCS representative Robin Lu said after the signing ceremony, which was broadcast on state television late on Sunday.
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