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Vol 56 No 5

Published 6th March 2015


Guinea

A dream deferred

The economic slowdown, low steel demand and law suits block the development of the world’s largest iron ore deposit

Potential can be a heavy burden. That is the feeling in Conakry as President Alpha Condé and his advisors watch the prospects of economic development financed by minerals recede into the distance. During Cape Town's Mining Indaba in February, Africa's leading gathering for the industry, the Guinean Minister of Mines, Kerfalla Yansané, announced that his government was selling half of the giant Simandou iron ore reserves, the largest untapped deposit in the world.

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