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Why the world’s biggest mining project is looking to invest in education
Initial shipments from the Simandou mountain range in southeast Guinea — home to the planet’s largest high-grade iron ore deposits — are due to begin by the first quarter of 2026, Minister of Mines and Geology Bouna Sylla said on the sidelines of the Mining Indaba conference in Cape Town.
The ambition to boost Guinean education with mining profits is the latest attempt to project how Africa stands to benefit from its natural resources, which are otherwise typically shipped elsewhere for refining: Sylla likened his government’s plans to those rolled out in previous generations by Southeast Asian nations, singling out Singapore in his comparison.
The British-Australian mining giant Rio Tinto and China’s Baowu Steel are among the companies that have partnered with the Guinean government on the $15 billion project.
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