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First China ore shipment rewards Guinea coup leader's push for Simandou alliance
Yahoo Financeยท 2025-12-10 09:30
When negotiations stalled, he quickly followed through on his threat by suspending all early works by WCS after the companies failed to meet his deadline to form a joint venture.Doumbouya began by meeting concession holders, including Rio Tinto's former CEO Jakob Stausholm in December 2021 and WCS executives, to impose joint development.Soon after the coup, the then 36-year-old Doumbouya took steps to consolidate the Simandou project, reorganising it into a single national strategic asset, according to inte ...