Metal Markets
After years of delay, $24 billion iron ore mine in West African nation ships first cargo to China
Guinea has exported its first iron ore cargo from the long-delayed Simandou project, marking a transformative milestone in Africa’s mining sector. The shipment of 200,000 tons of high-grade ore, bound for East China’s Port of Majishan, signifies the operational launch of the world's largest undeveloped iron ore deposit after decades of logistical, political, and financial hurdles.
The export activates the project’s fully integrated industrial chain, connecting mining operations with a newly built 600-kilometer railway and a dedicated port. The Simandou project, a joint venture led by Singapore-based Winning International Group and the Anglo-Australian Rio Tinto-led Simfer consortium, represents an investment exceeding $20 billion and positions Guinea as a major future player in global steel supply chains.
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