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Zogota Data

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Nearby Location News

  • ASX: Rio Tinto agrees Heads of Agreement to sell its stake in the 2016-10-30
  • Rio Tinto says Guinea iron-ore partner IFC to sell stake 2016-10-11
    Mining giant Rio Tinto said on Monday that the International Finance Corporation (IFC), a partner in its $20-billion Simandou iron-ore project in Guinea, is selling its 4.6% stake. The exit of IFC, an arm of the World Bank, is the latest setback for the project to develop the world's biggest untapped iron-ore reserves. In July, Rio Tinto's new Chief Executive Jean-Sebastien Jacques indicated the project had been shelved temporarily due to a sustained slump in prices.
  • Guinea blames Rio Tinto’s ‘rambling’ London team for mine delay 2016-08-17
    Guinea’s mineral management company said Rio Tinto Group overstated the Ebola virus’s effect on developing the world’s biggest iron-ore deposit and delayed its plans for the mine to focus on operations in Australia amid a rout in prices for the steelmaking material. “The real causes of the delay aren’t so much Ebola as they are the ramblings of the technical team in London,” Societe Guineenne du Patrimoine Minier said in its 2015 annual report. “Simfer overstated the effect of Ebola, unlike other mining companies that were able to better manage the epidemic, ” it said, referring to the concession license-holding company in which Rio Tinto has a 47% stake.
  • Rio says still lacks funding for huge Guinean iron-ore project 2016-08-03
    Rio Tinto's CEO said on Wednesday there was no progress for now on finding infrastructure financing for the massive Simandou iron-ore project in Guinea even after more than 200 meetings with possible backers. Simandou could have a major impact on Guinea's flagging economy, although iron ore prices are likely to remain under pressure in a global market expected to stay oversupplied for the foreseeable future.
  • Guinea says Rio bound to $20bn mine as CEO flags delay 2016-07-06
    Guinea said Rio Tinto Group must honour its commitment to develop the world’s largest untapped iron-ore deposit, after the company’s CEO signalled it may delay building the $20-billion mine and related infrastructure because of low prices. Guinea is counting on Rio and other investors, including Aluminum Corporation of China and International Finance, to meet their funding commitments for the Simandou project, the Mining Ministry said in an e-mailed statement.

Zogota Information

  • Geology 2015-07-22
    The regional geology in the concession area is typical for the West African shield areas. Basement gneisses (purple) sensu lato are overlain by Proterozoic meta-sedimentary and meta-volcanic packages. Due to different weathering characteristics, especially the resistant quartzitic meta-sediments together with banded iron formation (BIF), the Proterozoic packages do often form narrow ridges. BIF comprises phyllites, quartzites, itabirites, micaceous-quartz schists, and magnetite-amphibole schists, which are unconformably in contact with the underlying gneissic basement rocks.
  • General 2015-05-10
    Zogota (or Simandou South, BSGR) is approximately 20 km NE of the concession. Acquired through the purchase of 51% of BSG Resources.

Related News

  • IFC close to $2.7bn debt refinancing for Mozambique's Nacala railway 2016-10-07
    The International Finance Corporation, part of the World Bank, expects to close a $2.7-billion debt refinancing for the Nacala Corridor railway project in Mozambique early next year, a senior IFC official said on Friday. The refinancing could help to ease balance sheet pressure on Brazilian miner Vale which is developing the railway and a coal mine in the region.
  • Vale says rail delay limits new iron-ore mine output to 75mt 2016-09-20
    Brazil's Vale said on Monday output from its new S11D iron-ore mine in the Amazon region will be limited to 83 percent of full capacity as efforts to preserve cash and limit transport disruptions crimp a needed railway expansion. The $14.3 billion project, Vale's biggest-ever investment, was widely expected to produce up to 90 million metric tonnes a year of iron-ore - the key ingredient in steelmaking - after a two-year ramp-up scheduled to begin by year-end.
  • Vale says rail delay limits new iron mine output to 75m tonnes 2016-09-20
    Brazil's Vale said on Monday output from its new S11D iron-ore mine in the Amazon region will be limited to 83 percent of full capacity as efforts to preserve cash and limit transport disruptions crimp a needed railway expansion. The $14.3 billion project, Vale's biggest-ever investment, was widely expected to produce up to 90 million metric tonnes a year of iron-ore - the key ingredient in steelmaking - after a two-year ramp-up scheduled to begin by year-end.
  • Brazil grants Vale licence for Amazon iron-ore mine rail branch 2016-09-17
    Brazil granted Vale a ten-year licence to operate a 101-km branch line connecting its $14.3-billion S11D iron-ore mine project in the Amazon jungle to the Carajas Railway, the company said in a statement on Friday. The Carajas Railway branch will allow Vale, the world's largest iron ore exporter, to haul S11D's output to the Port of Ponta da Madeira in Sao Luis, Brasil to ships that will load the product for export.
  • Brazil's Coelho says Samarco may resume operations subject to conditions 2016-09-15
    Brazil's Samarco Mineração will be able to resume iron-ore mining operations should co-owners Vale and BHP Billiton come through with promised investments, Mining and Energy Minister Fernando Coelho said on Thursday. Samarco had operations halted last November, when a tailings dam at the mine burst and unleashed a mud flow that killed 19 people, left hundreds homeless and polluted a major river.

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