Locomotive deals worth more than half a billion dollars signal iron ore could start flowing to ports this year.

South China Morning Post

Hong Kong

Guinea’s vast Simandou mine on track to start delivering for Chinese investors

Ad Fontes Media

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Alibaba Group

Guinea expects the giant Simandou iron-ore project, which is expected to begin production by December, to achieve maximum output by its second year of operation.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

United States

Guinea Sees Maximum Simandou Output in Second Year of Operation

GUINEA expects its Simandou iron ore project to hit full production during the second year of operation, according to a report by Bloomberg News. Mines and Geology Minister Bouna Sylla told Bloomberg TV in an interview that the two mines at the world’s largest untapped iron-ore deposit will produce 30 million tons (Mt) each in the first year. Output is then expected to double to 60Mt at each site the following year, said Sylla on Tuesday on the …

Miningmx

Guinea expects Simandou iron ore to produce 60Mt in second year

Asia

Guinea

Guinea’s vast Simandou mine on track to start delivering for Chinese investors

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