Gabon: Australian Fortescue invests $90 million in Belinga iron


A joint venture led by Australia's Fortescue Metals Group will invest $90 million in exploration at the Belinga iron ore project in Gabon over the next three years. In a press release published on Friday August 19, the iron ore giant announced the signing of an agreement with Gabon which will pave the way for the study and the obtaining of an exploration license for the ore project. Belinga iron. The agreement signed between Ivindo Iron SA, a joint venture 80% owned by Fortescue, and the Gabonese government in which the company holds an 80% stake,