Guinea says Rio aim for deal by year-end

[miningmx.com] – RIO Tinto should aim to complete an investment agreement for a $10bn iron ore mine in Guinea this year, said Bloomberg News citing comments by the country’s newly appointed mines minister, Kerfalla Yansane.

“I wish the project could be operational yesterday or the day before yesterday,’ Kerfalla Yansane, who was previously finance minister told the newswire. “As partners, we have to work to solve these problems,’ he said.

Political instability in Guinea has inteferred with development of the project Rio Tinto has been backing since 1997. Rio Tinto was stripped of half of the project in 2008. “I would like to be a man of solution and not a trouble maker,’ Yansane said.