First Iron Ore Mine of Guinea Now Online

By International Business Times,  June 11, 2012, 08:41:29 PM EDT

Guinea is now ready to produce its first iron ore through its joint venture Guinea Development Corporation, with the first shipment expected to be loaded by June 30.

The Guinea Development Corporation is a joint venture between the government of Guinea, the Africa-focused miner Bellzone and the China International Fund ( CIF ). The mine has been reported to hold some 40 million tonnes of iron ore reserves.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: CIF



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