US EditionThe World's Largest Mining Project Starts Production - Rio Tinto (NYSE:RIO)
Guinea enforced a co-development pact by rejecting 18 Chinese locomotives, requiring US-made ones for Simandou; the shipment was returned to China, sources said.
- On Tuesday, Guinea flagged off the first shipment of iron ore from the US$20 billion Simandou mine, a move expected to reshape global supply and pricing.
- The co-development agreement required US-made locomotives, officials said, and a government source said the shipment violated the pact between Guinea and international consortiums.
- Guinean authorities rejected a shipment of 18 Chinese-built locomotives at the port of Conakry and sent them back to China, while WCS ordered Wabtec Corporation units scheduled from October 2025.
- Simandou's vast reserves could cut CO2 in steelmaking, with 3.3 billion tonnes of green ore likely to supply China due to heavy Chinese firms investing in Simandou.
- As infrastructure nears completion, the project faces geopolitical strain with railway and port infrastructure nearing completion and full ramp-up expected in the coming months, and Winning Consortium Simandou has not replied.
40 Articles
40 Articles
The World's Largest Mining Project Starts Production - Rio Tinto (NYSE:RIO)
The world's largest mining project, the Simandou project in Guinea, officially launched on November 11. The event was a historic milestone for the industry, as the $23 billion mine took nearly three decades from discovery to production. The mine is a joint operation between Rio Tinto (NYSE:RIO), Winning Consortium Simandou, China Baowu, Chinalco, and the Government of Guinea. Project Scope and Global Iron Ore Impact At full capacity, Simandou i…
World’s biggest mining project begins operations in Guinea
The world’s biggest mining project — a China-backed effort that could deepen Beijing’s control over Africa’s mineral resources — will begin operations in Guinea today. The $23 billion Simandou iron-ore mine could spark an international revolution by vastly reducing the energy needed to produce steel: The high concentration of iron found in the mine requires mills to use less energy to melt the metal. The mine could also greatly boost Guinea’s pr…
Coverage Details
Bias Distribution
- 38% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
