Deals
Guinea May End Review of Vale-BSG Ore Venture Early Next Year
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Guinea may complete a review into the $10 billion iron-ore joint venture between Vale SA and BSG Resources Ltd before the end of the first quarter of 2013, the country’s Mines Minister Mohamed Lamine Fofana said today.
Vale, the world’s biggest iron-ore exporter, bought a 51 percent stake in the venture to develop the Simandou project in the west African nation in 2010. The operation was put on hold earlier this year amid government interventions and uncertainty over the building of a new port and railway.