Message to Fortescue: Guinea is not the Pilbara

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

Message to Fortescue: Guinea is not the Pilbara Message to Fortescue: Guinea is not the Pilbara Message to Fortescue: Guinea is not the Pilbara Message to Fortescue: Guinea is not the Pilbara Message to Fortescue: Guinea is not the Pilbara

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.