Mamady Doumbouya suspends Simandou – cites Guinean employers’ grievances and rail pooling stalemate
The suspension of work on the Simandou iron ore development at the request of Guinea’s interim president – in power since the coup that toppled Alpha Conde in September – comes as the Winning Consortium Simandou (WCS) has finalised the feasibility study for the iron ore mine, in the wake of the rail financing.
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▪ Mamady Doumbouya suspends Simandou – cites Guinean employers’ grievances and rail pooling stalemate
▪ The suspension of work on the Simandou iron ore development at the request of Guinea’s interim president – in power since the coup that toppled Alpha Conde in September – comes as the Winning Consortium Simandou (WCS) has finalised the feasibility study for the iron ore mine, in the wake of the rail financing.
▪ https://www.africabusinessplus.com/en/811394/mamady-doumbouya-suspends-simandou-cites-guinean-employers-grievances-and-rail-pooling-stalemate/
WCS won the tender in 2019 for blocks 3 and 4 of the giant deposits located in the Guinea Forest, while Rio Tinto has been on blocks 1 and 2 since 1997.
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