Agnelli’s Mining Venture Considers BHP Billiton’s Iron Ore Deposit

Reuters reported Roger Agnelli’s mining venture is considering a purchase of BHP Billiton’s (NYSE:BHP,ASX:BHP) Mount Nimba iron ore deposit in Guinea.

As quoted in the market news:

Others eyeing BHP’s share of the venture that holds the Nimba concession include the world’s largest steelmaker, ArcelorMittal, which mines iron ore just over the border in Liberia, the sources said.

A dealmaker by background, Agnelli is staging a return to West Africa with billionaire banker Andre Esteves. Two years ago, Agnelli led Brazilian miner Vale’s push into Guinea, taking a stake in iron ore assets that, controversially, included blocks of the giant Simandou deposit confiscated by the government from rival Rio Tinto.

Click here to read the full Reuters report.