MetalMiner is the biggest metals-related media website in the United States according to 3rd party ranking websites. With a preemptive worldwide viewpoint on the problems, patterns, …
More Info
By Metal Miner – Mar 08, 2024, 1:00 PM CST
- The National Transition Council of Guinea authorizes a joint endeavor to establish the Simandou iron ore mining job, with an approximated 2.4 billion metric tonnes of reserves, going for production to start in the very first quarter of 2026.
- The job consists of the building and construction of a 670-kilometer train and a deep-water port to help with the export of iron ore, mostly to Chinese steelmakers.
- Russia's Elgaugol prepares to build a 530-kilometer rail line to link the Elga coking coal mine to the Elga port, increasing coal export capability to the Asia-Pacific area.
Via Metal Miner
The West African state of Guinea just recently authorized a joint advancement offer in between the federal government, Rio Tinto/Simfer, and the Winning Consortium Simandou (WCS) consortia to establish the Simandou iron ore mining job.
The National Transition Council (NTC), Guinea's legal body under the interim program, revealed the offer's approval on February 3. “In short, this contract offers … the building and construction of train and port facilities, no behind December 31, 2025 and the start of iron ore production in the very first quarter of 2026,” NTC stated in a declaration.
Simandou has 2.4 billion metric tonnes of approximated reserves, from which it can produce 2.25 billion metric tonnes of 65% Fe iron. Under the arrangement, WSC will establish Blocks 1 and 2, while Rio Tinto/ Simfer will establish the staying 2 blocks. Integrated, this represents over 1.46 million square kilometers of iron ore mining capacity.
The Rio Tinto/ Simfer consortium makes up the metals and mining international, which holds 53% in the 2 blocks. The Simfer joint endeavor in between Chalco Iron Ore Holdings and the Guinean federal government holds the staying portion in Blocks 1 and 2. Singapore-headquartered corporation Winning International Consortium, China's Weiqiao Aluminium, and London-registered United Mining Suppliers make up WSC.
An Untapped Resource Hub for Iron Ore Mining
Simandou remains in Nzérékoré Region of southern Guinea, approximately 900 kilometers far from the capital and port city of Conakry. The council likewise pointed out the prospective building and construction of a steel mill with a yearly capability of 500,000 metric tonnes, though it did not show if that would be unrefined steel or cast and rolled items.
NTC included that work is likewise underway to build a 670-kilometer, double-tracked line to Forécariah Prefecture on the Atlantic coast and a deep-water port at that website. Presently, it appears Chinese steelmakers will be the most likely end-users of Simandou iron ore.
Changing from Iron Ore Mining to Coal: Russia's Elga Port
According to a Russian media report,
