Billionaire mining investor Robert Friedland is close to a deal to take over an iron-ore deposit in Guinea from owners including BHP Group, according to people familiar with the situation.
Friedland is in advanced talks with BHP, Newmont Goldcorp and Areva, that will see him move to develop the Nimba deposit on Guinea’s border with Liberia, said the people, who asked not to be identified as the talks are private. A final deal has yet to be agreed, the people said.