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FAILURE can be a good thing. The bid by Andrew Forrest’s Fortescue Metals Group for the northern end of the rich but scandal ridden Simandou iron ore deposit in the West African nation of Guinea is a case in point, writes Barry FitzGerald
Is Simandou Forrest's folly?
If it loses out to a competing bid made by the Chinese-backed group looking to parlay its Guinea bauxite success in to iron ore, the SMB-Winning consortium, there will be a sigh of relief.
But Rio trying to determine its level of involvement
FMG confirms Simandou interest
Rupert Resources on a Roll at Ikkari
Rupert Resources on a Roll at Ikkari
