Unions in Guinea have suspended a nationwide strike that had put the brakes on the mining sector across the West African country, according to a Reuters report. The strike first began on 26 February and was primarily involving the application of a wage deal reached last November as well as lowering food prices and lifting internet restrictions. The news service…
Read MoreTag: Guinea
Simandou receives board approval: Rio Tinto
Rio Tinto’s board of directors has approved the “world’s biggest mining project” in West Africa, reported the Financial Times. The miner will invest $6.2 billion in the mine, rail and port project in Guinea. The Simandou project, which involves the construction of a 552,000-kilometer rail line, is being progressed in partnership with CIOH, a Chinalco-led consortium, Winning Consortium Simandou, Baowu…
Read MoreFirst gold for Kouroussa
UK-headquartered Hummingbird Resources announced the first gold pour from its Kouroussa gold operation in Guinea occurred on 8 June. The achievement, made on time and on budget, comes after the start of commissioning in early May. The mine will now ramp up to commercial production levels during the second half of this year. Kouroussa – which currently has a ROM…
Read More