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Simandou approval distracts from financing concerns

SMB-led consortium has secured approval for Simandou North but things likely to get harder from here

Tom Hoskyns
The port of Conakry in Guinea, where ore produced from Simandou will be transported to via rail

The port of Conakry in Guinea, where ore produced from Simandou will be transported to via rail

Guinea's mining minister Abdoulaye Magassouba said on June 4 the government had approved a basic agreement for the US$14 billion development plan, even though the proposal failed to meet minimum requirements...

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