BHP, Newmont have been trying to divest from Nimba project
Under the deal, Guinea's govt increases its stake in Nimba
Iron ore transport through Liberia not ruled out
Conakry | American-Canadian mining investor Robert Friedland is set to control Guinea's Mount Nimba iron ore deposit in a deal signed by his High Power Exploration (HPX) company with the west African country late on Thursday.
Friedland, who is chief executive of HPX as well as the founder and executive chairman of Ivanhoe Mines, has a long history of finding and developing remote mineral deposits in countries including Mongolia and Democratic Republic of Congo.
