IMIC Follows Rio Tinto, BHP Into Africa's Iron Ore Reserves

Law360, New York (April 2, 2012, 2:15 PM EDT) -- International Mining & Infrastructure Corp. PLC is partnering with African Iron Ore Group Ltd. to develop iron ore projects in western Africa, where vast unexplored iron deposits have lured billions of dollars in investment from global mining giants, IMIC said Monday.

The pair's first venture will be in Guinea's Simandou mountain range, a largely untapped iron ore deposit along Africa's western coast. The $10 billion project, which includes a railroad and deepwater port, would be the biggest integrated iron mine ever built in Africa, with an...
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