Australia's Fortescue Metals Group confirmed on Monday that it has submitte...
MELBOURNE - Australia’s Fortescue Metals Group confirmed on Monday that it has submitted a bid to develop two blocks in the giant Simandou iron ore deposit in Guinea.
A Guinea government commission in charge of the international tender for Simandou blocks 1 and 2 should come to a final decision in around a month, the sources close to the commission said last week. Speculation emerged in July that Fortescue may be interested in the deposit after chairman Andrew Forrest was pictured on social media among a group of potential investors in a Liberian rail line.
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