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Global Mining Companies Plans Expansions Iron Ore Mine Output
Global iron ore prices are set to decline sharply in 2009 as demand for the steelmaking ingredient shrinks dramatically as a result of deepening world economic recession.
Rio Tinto To Meet Military Junta in Guinea, Discuss Simandou Iron Ore Mine Project
Mining group Rio Tinto is seeking a meeting with the new military junta in Guinea to discuss its $6 billion (4 billion pound) Simandou iron ore project, the firm said on Monday.
Rio Tinto Consider To Invest $6 billion Iron-Ore Mine Project in Guinea
Rio Tinto Group, which is considering the construction of a $6 billion iron-ore project in Guinea, said it will seek talks with the country’s military junta over plans to revise mining contracts.
Rio Tinto Iron Ore Mine Project in Guinea (Updated)
The world’ second largest miner, Rio Tinto is struggling to save the northern part of the Simandou iron ore project in Guinea, as the licence granted to it has been re-allocated and awarded to its lesser known rival, BSG Resources, under the so-called “use-it-or-lose-it” principle.
French Nuclear Power, Areva Plans $1.40 billion Uranium Mine in Nigeria
French nuclear power group Areva will press ahead with its plan to build a 1 billion euro ($1.40 billion) uranium mine in Niger despite falling world prices for the fuel, the firm said on Friday.
Guinea Goverment Intend Discuss Simandou Iron Ore Project With Rio Tinto
Guinea wants more talks with Rio Tinto about the mining firm’s key Simandou iron ore project in the West African country, the prime minister said in comments broadcast on Thursday. The $6 billion project is crucial to Rio’s future production portfolio as it fights off a hostile takeover bid from rival miner BHP Billiton [...]
Bellzone Mining of Australia Plans To Explore 1 billion Iron-Ore Mine in Central Guinea
Bellzone Holding, a unit of Bellzone Mining of Australia, plans to exploit a 1 billion metric ton iron-ore deposit in central Guinea at a cost of $4.5 billion.
The company has the cash needed to invest in the project without elaborating. Managing Director Alexandre Orlov said, “We are in talks with the Guinean government about signing [...]
Rio Tinto Ambitions to Triple Iron Ore-Mine Production
RIO Tinto expects little fall in demand for Australia’s iron ore and has been approached by Indian steel mills, eager to secure alternative supplies to meet the needs of the nation’s booming economy.
The mining giant, which has long-term ambitions to triple iron ore production, also plans to make the way it sells its iron ore [...]
Guinea Needs Foreign Mining Company to Invest Mining Exploration in West African
Guinea will work with foreign investors in the mineral-rich West African country as long as they comply with its mining code, its new mines minister said late on Friday.
Guinea is the world’s biggest exporter of aluminium ore bauxite, and has the resources to be a major supplier of steelmaking raw material iron ore, but questions [...]
