Rio Tinto gets green light for Guinea project

Suzie Neuwirth
MINING giant Rio Tinto yesterday said it has agreed a deal with the Guinea government to develop the largest ever combined iron ore and infrastructure project in Africa.

The FTSE 100 firm said that the $20bn (£11.9bn) project has the potential to double the country’s current GDP and will create around 45,000 jobs.

A railway will be built through Guinea to transport the iron ore, as well as a deep-water port.

“It has the potential to provide the global market with highly competitive ore for more than 40 years,” said Guinea’s minister of mines and geology Kerfalla Yansane.