Guinea and its iron ore: Let the people benefit, for once

The Economist

Guinea’s government may at last be dealing sensibly with its mineral riches

BURIED beneath the mist-capped mountains of south-eastern Guinea is one of the world’s biggest deposits of iron ore. Estimated at around 2.2 billion tonnes, the Simandou concession contains almost as much as the entire global iron-ore industry produced in 2013. Thanks to its size and unusually high quality, some experts say that whoever controls Simandou may dominate the world’s iron-ore sector for a generation. Read the rest of this entry »