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Rio Tinto To Invest $20bn In Guinean Mine

AFRICANGLOBE - Anglo-Australian miner, Rio Tinto says it is in the final stages of sealing a $20 billion deal on the Simandou mine iron ore deposits in Guinea – the world’s biggest untapped iron ore deposit in West Africa.

Indian Firm to Invest $2 Billion In West African Iron-Ore Project

Jindal Steel & Power Ltd. is considering entering into an iron-ore plant acquisition deal of up to $2 billion in West Africa, in order...

Multi-Billion Dollar Iron Ore Deposit Discovered In Nigeria

Australian explorer, Energio Limited has announced the discovery of  huge Iron Ore deposits in Kogi State, Nigeria. According to the company, the discovery of 488...

Liberia Ships First Iron-Ore After Two Decades

A colorful ceremony commencing Liberia's first shipment of iron ore since of the end of the country's civil war took place on Tuesday in the southeastern port city of Buchanan.

Black Empowerment (BEE) Firm Enters South Africa's Seaborne Ore Market

An agreement between Kumba Iron Ore and Burk Mining will see the latter become the first black-empowered mining company to enter the seaborne iron ore market, through the port of Saldanha.

China Steps Up Drive in Africa to Satisfy Iron Ore Demand

A bold push by China into iron ore projects in Africa and elsewhere will increase its access to supply and may help moderate prices but will only slowly reduce its dependence on the three companies that dominate the market.