Guinea Mining News

Rio Tinto chairman Jan du Plessis steps down, set to lead BT

He joins a growing list of chairmen who are leaving some of the world's' top mining companies, including BHP Billiton and Anglo American.

Rio Tinto defers former CEO Walsh bonus over Guinea scandal

Sam Walsh's bonuses, potentially worth millions, had been delayed for at least two years as investigations continue into dubious payments related to Simandou iron ore project in Africa.

Stellar Diamonds to operate Tonguma mine in Sierra Leone

The company originally intended to combine its Tongo project with Tonguma, but it has now decided to become the mine's operator.

Rio Tinto, Chinalco put an end to copper joint venture

The amicable divorce ends a six-year-old exploration joint venture originally set to find copper deposits in China.

BSGR boss house arrest ends with no charges over Guinea bribery claims

The Israeli billionaire, under house arrest since Dec. 19, has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea.

Former Chinalco boss sent to prison for 16 years 

A Chinese court has sent a strong message to corporate executives who have been seeing playing fast and loose within the rules of boon-times capitalism in China.

BSGR boss Beny Steinmetz arrested in Israel over Guinea bribery case

The billionaire and other Israeli businessmen are suspected of paying tens of millions of dollars to senior state officials to secure a licence for Simandou, local police said.

BSGR to file multi-billion lawsuit against Rio over Simandou

BSGR will sue Rio Tinto in the English High Court to recover losses allegedly caused by Rio's actions, which run to several billions of dollars.

Fresh shake-up at Rio Tinto in aftermath of bribery probe

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

Heads roll at Rio Tinto over Simandou probe — Davies, Valentine fired

Energy and Minerals chief executive Alan Davies said he would take the mining giant to court over his dismissal, adding there were “no grounds” for his termination.

Rio learnt about Simandou dubious payment over a year ago — report

Company is said to have found out about the emails referring to a questionable $10.5m payment to a consultant over the Guinea project more than a year ago, not 'just' in August, as it claimed.

Rio Tinto staff shaken to the core by bribery probe — CEO

Speculation is running and some of what is being said strikes at the heart of the culture and values of the company, chief executive officer Jean-Sébastien Jacques said in an internal memo.

Rio Tinto energy and minerals chief suspended over Simandou bribery claims

Alan Davies suspended after miner found payments made to consultant in 2011, when he was in charge of the iron ore project.

Rio's Simandou sale 'could crush the price of iron ore'

"It would of obvious strategic benefit for China to control a major iron ore deposit and add new supply to discipline the market."

Chinese buy world's largest mining project

Rio Tinto announces deal to exit Guinea and giant Simandou iron ore project.

Fresh blow to world's largest mining project

World Bank pulls out of $20 billion Simandou iron ore project in Guinea, West Africa.

Stellar posts upbeat economic assessment for Sierra Leone’s second largest diamond project

The company said its proposed Tongo-Tonguma mine economic evaluation demonstrates robust financial returns for a modest capital requirement.

Stellar Diamonds to ink deal that would create Sierra Leone’s second largest mine

The diamond producer plans to combine its Tongo mine with Octea Mining’s adjacent Tonguma operation.

Simandou shelving great for Rio, rivals

$20 billion West African iron ore mega-project had the potential to lower long-term iron ore price by $5 per tonne according to new report.

Iron ore surges past $55 as Rio Tinto exits Simandou

The price increase comes as iron ore major Rio Tinto decided to put its Simandou project in Guinea on ice due to the iron ore glut that is keeping a lid on prices.

AngloGold investing $400 million in Guinea

World's number three producer owns the 300,000 ounce per year Siguiri mine in the west African country.

Sierra Leone grants preliminary OK to Stellar Diamonds Tongo mine

The West Africa-focused firm said it was verbally informed of the approval by the country's Minerals Advisory Board.

Rio Tinto forges ahead with Simandou, the world's largest mining project

The massive Simandou project, in Guinea, is considered the world's biggest untapped iron ore deposit.

Stellar Diamonds secures environmental approval for Sierra Leone project

The permit marks another key step in the process of moving towards development of the 1.45 million carat diamond resource in the West African country, said the company.

World's largest mining project takes $1 billion hit

Rio Tinto swung into a huge loss after writing down the value of its gigantic West Africa iron ore project, but that doesn't mean it's being abandoned.