Niron Metals PLC, an investment vehicle with shareholders including former Xstrata chief executive officer Mick Davis, is in exploratory talks with the government of Guinea to develop the Zogota iron ore project.
Niron believes that the Zogota deposit, located in southeastern Guinea, can be brought into production on an accelerated timetable. It had been envisaged that the mine would be connected to a port in neighboring Liberia via rail, allowing for the export of the ore. Talks are focused on the creation of an effective mining partnership between Niron and the government to mine Zogota, unlocking its potential for all stakeholders including the people of Guinea, Niron noted."The company looks forward to...