Australian mining giant Rio Tinto has announced that the partners of the Simandou iron ore project located in Guinea, West Africa have held a meeting to discuss the importance of the project to the Guinean government and the other partners.
The project partners pointed out that the current focus on developing an investment framework for the financing, construction and operation of the transportation link needed for the project should continue. It is also likely that the Guinean government will allow a third party to build the railway infrastructure for the iron ore project.
The Simandou project will probably miss the mid-2015 target for the first iron ore production, as stated in the agreement signed in 2011, because of delays in the project.