Mining Magnate Mick Davis Is Back
- Davis to get chance to develop mine as part of Steinmetz deal
- ‘Mick the Miner’ had struggled in the industry in recent years
This article is for subscribers only.
Almost every major player in mining has tried to build an iron ore mine in Guinea. Now it’s the turn of Mick Davis.
Davis, nicknamed Mick the Miner, had been one of mining’s most successful operators and deal makers, but in recent years has struggled to reestablish himself in the industry. Now, a remarkable make-up deal between billionaire mining tycoon Beny Steinmetz and the Guinean government has given him the chance to develop one of Africa’s richest iron ore deposits.