Guinea gives Simandou iron ore mine developers 14-day deadline

  • 📰 Reuters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Partners in Guinea's Simandou iron ore mine have 14 days to finalise a joint venture, interim president Mamady Doumbouya said at a meeting with the miners, Rio Tinto , and Chinese-backed Winning Consortium Simandou (WCS) on Friday.

Guinea has grown increasingly impatient with the companies that control the giant Simandou deposit, which has not been developed since Rio was first granted an exploration licence for it 25 years ago.

"I expect the creation of the joint venture within 14 days," Doumbouya said at the meeting, a video of which was posted online by his office.The ruling junta signed an agreement with Rio and WCS in March under which the firms would collaborate on a 670-kilometre railway and a port to get Simandou's high-grade ore to market.

Doumbouya said there had been insufficient progress since then. "This situation is not only regrettable, but above all, unacceptable for the state," he said.The Guinean authorities have previously warned that the companies risked losing their mining licences if they failed to meet a tight construction timeline for the Simandou project.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

tak ada ibunya....

No to woke and victimization. The Western world is the richest, most developed, most tolerant place in the world. Black people and Arabs started enslaving black people in Africa way before white people did. Whites ended it. There are 15 million modern slaves in Africa today

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Cowboys For Trump' Founder Avoids More Jail Time For Joining Jan. 6 MobCouy Griffin was sentenced to 14 days in jail, but was credited for the 20 he spent behind bars after his arrest. Sounds about white. Too bad. I used to really like cowboys. Lock him up for something else.
Source: HuffPostWomen - 🏆 27. / 68 Read more »

Senior Moments: Giving myself the gift of good memories on Father’s DayWhen my father suggested I go with him to buy pearls for my mother, I was shocked.
Source: ladailynews - 🏆 332. / 59 Read more »

Reading Uploaded File Content in JavaScript | HackerNoonWeb developers have many reasons to read uploaded file content in JavaScript.
Source: hackernoon - 🏆 532. / 51 Read more »

UK gov’t orders Julian Assange’s extradition to US; appeal plannedIt follows a British court ruling in April that Assange could be sent to the U.S. over WikiLeaks’ publication of a huge trove of classified documents more than a decade ago.
Source: AKNewsNow - 🏆 460. / 53 Read more »

Judge Slams ‘Cowboys for Trump’ Founder at Capitol Riot SentencingA New Mexico county commissioner and leader of “Cowboys for Trump” was sentenced to 14 days in prison on Friday for his role in the Capitol riots. He was one of the Otero county commissioners who refused to certify NewMexicoGOP primary results who finally gave in after a court order. Typical Trumper coward doing what they do.... 14 days..... 😂😂
Source: thedailybeast - 🏆 307. / 63 Read more »

Bitriver to Mine Crypto Using Excess Gas From Gazprom Neft’s Oil Extraction – Mining Bitcoin NewsRussian crypto mining operator Bitriver will use electricity generated from associated gas provided by Gazprom Neft to mint digital coins. All the best for them $PAW You guys know this type of BullShit news reporting could shut down crypto, oh well fuck it it's done now... Hi Please,help urgently people in need, UCRÂNIA . Address: 1M8w9vq1agvtTCs7XGDLFm7XR78eXT94mb . bitcoin
Source: BTCTN - 🏆 531. / 51 Read more »