Australian iron ore miner Fortescue Metals Group has confirmed that it has submitted a bid to develop the Simandou iron ore blocks in Guinea, Reuters has reported.
Guinea’s biggest bauxite exporter SMB-Winning was the only other company interested in the blocks.
“Following the release of information at a public meeting held in Guinea last week, Fortescue confirms that it is participating in the tender for Simandou Blocks 1 and 2,” Fortescue chief executive Elizabeth Gaines told Reuters.