Diversified miner Rio Tinto might have to be content with a smaller stake in the Simandou iron-ore project, as the Guinean government is reportedly looking to more than double its share in mining projects, an Australian media report stated. The Australian Financial Review is quoting Guinean Mining Minister Lamine Fofana as saying that the government would increase its interest in the mining project from the current 15%, to 33%.
See http://www.miningweekly.com/article/guinea-may-increase-stake-in-simandou-project-report-2011-02-10.