“The funds will be invested in iron ore, the construction of roads and the port,” Materne said in remarks broadcast on Radio Television Guineenne, the state-owned broadcaster based in Conakry, the capital. “The investment may increase to $350 million” if production is boosted, he said.
Bellzone Chief Executive Officer Nik Zuks said in August iron-ore production is expected to start at Forecariah in March.
To contact the reporter on this story: Ougna Camara in Conakry via Nairobi at email@example.com.
To contact the editor responsible for this story: Antony Sguazzin at firstname.lastname@example.org.