Monday, 29 December 2008

Rio wants to meet Guinea govt on iron ore project

Mon 29 Dec 2008, 11:29 GMT
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LONDON (Reuters) - Mining group Rio Tinto is seeking a meeting with the new military junta in Guinea to discuss its $6 billion Simandou iron ore project, the firm said on Monday.

Rio -- the world's fourth biggest diversified mining group by market value -- had been locked in a dispute about Simandou with the previous government of President Lansana Conte, who died last week, sparking a military coup.

"One of main priorities is that we want to fix up a meeting with the new government as soon as possible to discuss the situation," spokesman Nick Cobban said.

On Saturday, the military junta led by Captain Moussa Dadis Camara in the West African state said "defective" mining contracts would be revised, without naming firms or projects.

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