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The exploitation of the world’s largest iron ore deposit, which was relaunched in March, is now at a standstill. Why? Rio Tinto and the Winning Consortium have failed to comply with the ultimatum given by Mamadi Doumbouya, head of Guinea’s transitional government.
In mid-June, Mamadi Doumbouya, who became transitional president following a military coup in Guinea, imposed a 14-day deadline on Rio Tinto and the Winning Consortium Simandou (WCS) to create a joint venture to exploit the Simandou iron ore deposit. Three weeks later, nothing has been done and tensions have risen.
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