Gasol and AIOG will enter into specific agreements relating to that project.
This strategic partnership agreement with AIOG will provide gas to power opportunities for the beneficiation of iron ore within key West African market.
IMIC and AIOG
are well positioned to partner African host countries in the delivery of infrastructure arrangements, and to assist with initiatives that best address the long-term aspirations of their governments and people.
Commenting on this announcement, Ethelbert Cooper, founder and Chairman of AIOG, said: "This is an important milestone in the development of the infrastructure required to monetize the value in the Simandou South iron ore deposit.
Speaking on behalf of the Government of Guinea, Mr Mohamed Lamine Fofana, the Minister of Mines and Geology of the Republic of Guinea and Chairman of IMG, said: "We are pleased to announce the agreement to form IMG, the joint venture company, with our partner AIOG who we have chosen to assist the Government with the development and the financing of infrastructure for the Simandou South iron ore mining project.
, CRM and Hebei have initialed the agreement in accordance with the terms of the Heads of Agreement announced on April 17, 2013.
Mr Lucas pointed out that Each of the strategic Chinese partners that AIOG
has developed relationships and agreements with was carefully selected based on the partner s ability to deliver quality infrastructure on time and also provide appropriate financing support.