Interesting -- dies it apply to camerron too? http://www.mining-journal.com/production-and-markets/simandou-ultimatum2
Guinea's minister of mines, Mahmood Thiam, announced today that the government's decision to award the northern two blocks of the Simandou iron-ore concession to BSG Resources Guinea Ltd was "permanent and irrevocable".
At a news conference today, Mr Thiam signalled that the new government was losing patience with Rio Tinto. He said that last December's decision was consistent with the country's mining law, which requires companies fully to explore their concessions, and eventually to surrender half of the area. Rio has held the Simandou concession since 1997.
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