US EditionHow the World's Biggest Mining Project Is a Win for China
7 Articles
7 Articles
China-backed Simandou Iron Ore Project Starts Production in Guinea After Decades of Delays
China-backed Simandou Iron Ore Project Starts Production in Guinea After Decades of Delays - The long-stalled $20 billion iron ore project, co-led by China Baowu and Rio Tinto, signals new momentum in China’s overseas mining diplomacy
Simandou opens, reshaping the capesize trades
The long-awaited Simandou iron ore project has finally roared to life — a $20bn gamechanger set to shake up global dry bulk flows, stretch tonne-miles, and tilt the balance of the iron ore market away from Australia and Brazil. On Tuesday, Guinea officially launched the vast Simandou project — Africa’s largest greenfield mine and infrastructure …
Guinea Begins Iron Ore Exports From World’s Largest Untapped Reserve
Guinea has officially begun exporting iron ore from the vast Simandou project, home to the world’s largest known high-grade iron ore reserve, marking a historic milestone for the West African nation after decades of delay and political setbacks.
The Simandou project is one of the largest iron ore deposits in the world. With the Guinean state obtaining 15% participation in mining blocks and associated infrastructure, many hope to see quickly billions of Guinean francs pouring into the public caisses as soon as tomorrow. It's... Read more Simandou and the 15% of the Guinean state: understanding certain fundamentals appeared first on ledjely.
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