Guinea Moves Forward on $10B Simandou Iron Ore Project

Bloomberg reported that the government of Guinea said it is making progress on a deal to share investment in Rio Tinto’s $10B iron ore project, Simandou, which is likely the biggest undeveloped iron ore deposit in the world.

As quoted in the market news:

The government mobilized necessary means and expertise to be able to hold its commitments and move forward on the investment,” government spokesman Albert Damantang Camara said today in an emailed response to questions.

Click here to read the full Bloomberg report.