iron ore deposit - Miners News Global

Simandou receives board approval: Rio Tinto

February 28, 2024February 28, 2024 Miners News

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…

Sundance Resources files claim in Mbalam-Nabeba dispute

July 27, 2022July 27, 2022 Miners News

Australian miner Sundance Resources has filed a Memorial of Claim with the International Chamber of Commerce against the Republic of Congo as part of an ongoing iron ore dispute. Sundance is seeking $8.8 billion in damages over the Mbalam-Nabeba iron ore project, which spans the border between Congo and Cameroon. The company has yet to begin mining due to legal…