The Simandou mountains in Guinea holds some of the richest iron ore deposits in the world and has the potential to transform the fortunes of the impoverished West African nation.
But that’s all Simandou constitutes at the moment – potential.
World number two miner Rio Tinto is developing the southern part of the vast mountain deposit with first production from the massive $20 billion project not expected until late 2018 at the earliest.
See http://www.mining.com/simandou-bribery-probe-coming-to-a-head-35386.