First shipment of the Simandou Iron Ore Project in Guinea sent to China
After years of stagnation, policy adjustments, and infrastructure reconstruction, the Simandou Iron Ore Project in Guinea has finally entered the export phase, with the first batch of goods already sent to China. According to Bloomberg, the project is considered the world's largest undeveloped iron ore deposit and marks an important milestone in the development of Guinea's mining industry.
Reuters reported that the consortium behind the project emphasized that this shipment was carried out after the completion of key port and railway infrastructure, which is crucial for ensuring operational stability and fulfilling international purchase commitments.
Industry experts said that the launch of this project is expected to significantly increase Guinea's export revenue, strengthen trade ties with China, and make the country a significant player in the global iron ore market. Bloomberg noted that the growth in global steel demand supports expectations of continuous purchasing and long-term investment opportunities.
Source: empiremagazineafrica
Original article: toutiao.com/article/1850776852649097/
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