Blaming Investors, Guinea Again Suspends Simandou Iron Ore Project

What’s new: Guinea’s government has again suspended the construction of Simandou iron ore mine, citing the failure of investors to reach an agreement on starting a joint venture, according to a Tuesday official statement.

It’s the second time this year that authorities put a break on development of the project, which seen as crucial for China to reduce its reliance on Australian iron ores.