trending Market Intelligence /marketintelligence/en/news-insights/trending/k8PeXnXlCZlG5w8QcbzPvg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

Guinea inks deal allowing miners to export iron ore through Liberia

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Metals & Mining

Global Mining Industry Outlook - What Are the Expectations?


Guinea inks deal allowing miners to export iron ore through Liberia

Guinea reached a deal Oct. 11 allowing miners in the country to use railroads in neighboring Liberia to export through the Buchanan port, said to be the most cost-efficient method to ship iron ore from Guinea.

Several mining projects in Guinea are near its border with Liberia, and they may not be profitable if they export through Guinea's coast, the country's mines minister, Abdoulaye Magassouba, told Reuters.

High Power Exploration Inc.'s Nimba and Niron Metals' Zogota iron ore projects, SRG Mining Inc.'s Lola graphite deposit and a Zali Mining project are expected to benefit from the deal, which applies to the first 5 million tonnes produced at the mines, Magassouba said in the report. Afterward, the Guinean government will study the feasibility of a 650-kilometer railway to the Guinean coast, which will be built by the eventual owner of the Simandou iron ore project. Fortescue Metals Group Ltd. and SMB-Winning are the two remaining bidders for Simandou.

The Reuters report noted that Nimba and Zogota still need consent from ArcelorMittal, the sole rail concession holder in Liberia, to allow them to use its infrastructure. ArcelorMittal declined to comment on the report, according to the newswire.