$20bn gamechanger for Guinea as world’s largest iron ore mine set to start production end of 2025
In the deep south of Guinea is an impressive mountain range called Simandou wherein lies the world’s largest iron ore deposit, amounting to an estimated 2.8bn tonnes.
The mega infrastructure plan for the site includes construction of a 400 mile railway line from the mine to three deep seaports also under construction, a metallurgical plant as well as 10,000km of tarred roads by 2040. The infrastructure projects are well underway – US rail technology providers, Wabtec, signed a $248m deal in January to bring in locomotives for the dual-track railway to connect the proposed mine to the Atlantic – with production set to start towards the end of the year.
Two of the site’s four mining blocks are owned by a consortium consisting of the Anglo-Australian mining organisation Rio Tinto, a Chinese holding company and the Guinean state. The other two are being developed by a Singapore-based consortium.
The $20bn investment will provide an estimated 60,000 jobs and will provide a huge boost to living standards and opportunities for local Guineans – a total gamechanger for this country and its citizens. For years, various start dates have been touted for production, but a series of political upheavals and the reassigning of licences have stymied progress, but this is all set to change now.
We have our own entity in Guinea which is owned by us from the UK and can provide the full range of EOR services including payroll and work permits.
$20bn gamechanger for Guinea as world’s largest iron ore mine set to start production end of 2025
In the deep south of Guinea is an impressive mountain range called Simandou wherein lies the world’s largest iron ore deposit, amounting to an estimated 2.8bn tonnes.
The mega infrastructure plan for the site includes construction of a 400 mile railway line from the mine to three deep seaports also under construction, a metallurgical plant as well as 10,000km of tarred roads by 2040. The infrastructure projects are well underway – US rail technology providers, Wabtec, signed a $248m deal in January to bring in locomotives for the dual-track railway to connect the proposed mine to the Atlantic – with production set to start towards the end of the year.
Two of the site’s four mining blocks are owned by a consortium consisting of the Anglo-Australian mining organisation Rio Tinto, a Chinese holding company and the Guinean state. The other two are being developed by a Singapore-based consortium.
The $20bn investment will provide an estimated 60,000 jobs and will provide a huge boost to living standards and opportunities for local Guineans – a total gamechanger for this country and its citizens. For years, various start dates have been touted for production, but a series of political upheavals and the reassigning of licences have stymied progress, but this is all set to change now.
We have our own entity in Guinea which is owned by us from the UK and can provide the full range of EOR services including payroll and work permits.
