Gabon Reconsiders Belinga Iron Ore Mine

Reuters reported Gabon may not award its Belinga concession before 2014 as it reassessed how much iron ore the deposit contains.

As quoted in the market news:

China’s CMEC, which had secured rights to Belinga with a 2007 deal, lost the concession following concerns about the environmental impact of the project and then over whether CMEC would be able to deliver.

Click here to read the full Reuters report.