The world-class mine Simandou Iron Ore Project was put into operation

China news agency, Beijing, November 12 (Reporter Pang Wuji) – The Simandou Project, a huge project attracting the attention of the global mining industry, has been officially put into production in Guinea, West Africa.
According to the news released by global mining giant Rio Tinto, on the 11th local time, the Simandou project partner Win Alliance, China Baowu, Chinalco Group and Rio Tinto Group jointly attended the ceremony held at the port of Frecaria Province, Guinea, to celebrate the official launch of the Simandou project. The project is the largest green land integrated mine and infrastructure project in Africa.
It is understood that the project will deliver more than 600 kilometers of new cross Guinea multi-purpose railway, and supporting barge and transfer ship port facilities. At present, the testing and commissioning of the infrastructure of the mine, railway and barge port systems are in progress. Both the Simandou project partner Win Union and SimFer have started to transport ore from the mining area to the port through the cross Guinea railway line.
Simandou Mine is a “Big Mac” that can affect the global iron ore supply and demand pattern. It is estimated that the average grade of iron ore in this mine is more than 65%, with an annual output of 120 million tons at the initial stage.
Wang Guoqing, director of Lange Iron and Steel Research Center, said in an interview with China News Service that the commissioning of the Simandou Project is a historic moment in the global iron ore market, which will not only directly affect the medium and long-term price of iron ore, but also hopefully reshape the global iron ore supply pattern and trade flow.
Simandou Project is jointly developed by the Government of the Republic of Guinea, Win Alliance, SimFer Joint Venture, etc. After the project is officially put into operation, all co built infrastructure will be transferred to trans Guinean companies with 15% shares held by the Guinean government and 42.5% shares held by joint ventures in the southern and northern blocks respectively.