Simandou Mining News

Report: Guinea will strip Vale, BSGR of all Simandou rights

Brazilian giant acquired the interest in Simandou from diamond tycoon Beny Steinmetz's mining arm BSGR for $2.5 billion in 2010.

Ebola outbreak in Guinea forces miners to lock down operations

Brazilian iron ore giant Vale has removed its six international employees and put its local workers on leave.

Vale could lose all of its Simandou investment

Brazilian giant Vale acquired the interest in Simandou deposit in Guinea from BSGR for $2.5 billion in 2010, but stopped payments after the first $500 million was forked over.

Guinea president says Simandou rights transfer likely broke law

BSG Resources transferred rights on rich Simandou concession to Brazil's Vale in a $2.5 billion deal in 2010.

Simandou hearing delay hints at Vale-BSGR settlement

Work on half of the giant Simandou concession in Guinea has been halted amid a corruption probe, but the door to a settlement between the Western African nation, Brazil's Vale and Beny Steinmetz's mining arm may be in the offing.

Vale very much still in the running for Simandou

Brazilian giant could end up with half of one of the world's greatest mining prizes.

Simandou railway will uproot 10,000 people

Rio Tinto's $20 billion Simandou project in Guinea calls for a 670km railway across the West African nation that will displace thousands.

Chalco wants $2.2bn for stake in Simandou iron ore project

Simandou is expected to produce over 95 million tonnes of iron ore per year.

China gearing up for earlier Simandou start-up

45% owner Chalco transfers investment in $20 billion Guinea project to state-owned parent.