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Simandou approval distracts from financing concerns

The approval by Guinea’s government last week for SMB’s Simandou North development agreement was a shot in the arm for the greenfield iron ore project, but doubt surrounding the financing model and planned timeline persist.

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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