Monday, March 14, 2022

Guinea Suspends Iron Ore Project with 40 Percent Chinese Investment

 Reuters published on 11 March 2022 an article titled "Guinea Suspends Simandou Iron Ore Project, Saying There Has Been No Progress" by Saliou Samb.

Guinea's military regime has ordered the cessation of all activity at the massive Simandou iron ore deposit in which the Aluminum Corp of China has a 40 percent investment.  The main sticking point seems to be disagreement over construction of a costly railway needed to transport the ore.