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Who owns Simandou iron ore?

Who owns Simandou iron ore?

Rio Tinto has held rights to Simandou since 1997. It owns a 45.05% stake in the southern half, Blocks 3 and 4, of the deposit, with Chinalco holding 39.95% and Guinea’s government the remaining 15%. SMB-Winning won a government tender in November 2019 for Blocks 1 and 2.

Who owns the Simandou mine?

Rio Tinto owns a 45.05% stake in the southern half, Blocks 3 and 4, of Simandou, with Aluminium Corporation of China (Chinalco) holding 39.95% and Guinea’s government the remaining 15%.

Where is the Simandou mine located?

southern Guinea
The Simandou mine is a large iron mine located in the Simandou mountain range of southern Guinea’s Nzérékoré Region. Simandou represents one of the largest iron ore reserves in Guinea and in the world, having estimated reserves of 2.4 billion tonnes of ore grading 65% iron metal.

Where is the Simandou project?

southwest Guinea
Simandou in southwest Guinea is considered to be the world’s largest high-quality iron ore deposit. Investors in the Simandou iron ore project struck a deal with Guinea’s government to resume development of the world’s largest known untapped iron ore reserve after a nearly two-week suspension.

How big is Simandou?

Simandou is a 110-kilometre-long (68 mi) range of hills located in the Nzérékoré and Kankan regions of southeastern Guinea, in the country’s mountainous, forested Guinée Forestière region. At the southern end of the range the site of a large iron ore deposit is currently being developed.

What mega project could cripple Australia?

Iron ore price: Simandou mega project that could cripple Australia | — Australia’s leading news site.

Where is Rio Tinto Simandou?

eastern Guinea
The mine is located in the Simandou mountain range in south-eastern Guinea. Its commercial production is expected to start by 31 March 2025, as per the country’s Mines Minister Moussa Magassouba.

Which country has the most iron ore in Africa?

Simandou, a 110-kilometer range of hills deep in the hinterland of Guinea in Western Africa, boasts the world’s largest untapped iron ore reserves.

What is China mining in Africa?

China has shown a growing interest in the mining belt of central southern Africa,comprising Zambia, Tanzania, and Mozambique. This area is well endowed with copper,iron, gold, manganese, and other base metals.

Who owns the iron ore mines in Australia?

Rio Tinto operates twelve iron ore mines in Western Australia, BHP seven, Fortescue two, all of those are located in the Pilbara region.

What is the largest infrastructure project in Australia?

The largest infrastructure projects include:

  • WestConnex (NSW), $16 Billion.
  • Sydney Metro (NSW), $12 Billion.
  • Melbourne Metro Tunnel (VIC), $11 Billion.
  • West Gate Tunnel (VIC), $10 Billion.
  • Melbourne Airport Rail Link (VIC), $10 Billion.
  • Melbourne to Brisbane Inland Rail (National), $9.3 Billion.

Which Africa country has the best mineral mining?

The DRC is Africa’s largest industrial diamond producer, followed by Botswana and South Africa. Botswana ranks number one in Africa for the production of gem-quality diamonds – used for jewellery.

Who owns most mines in Africa?

1 illustrates the new situation—as it appears superficially and is generally presented in media: China is taking control over mineral resources in Africa, where the dominance of European and North American mining companies has been unchallenged for 150 years.

What projects have been planned in Sydney?


  • Easing Sydney’s Congestion. The Easing Sydney’s Congestion Program Office is working to deliver significant improvements to reduce Sydney’s congestion.
  • Pacific Highway Upgrade.
  • Princes Highway Upgrade.
  • Western Harbour Tunnel and Warringah Freeway Upgrade.
  • Beaches Link and Gore Hill Freeway Connection.

Who is building western Sydney Airport?

Airside Civil and Pavement Works package comprises the construction of: a 3,700-metre runway….Procurement.

Procuring Agency: Western Sydney Airport
Successful Tenderer: CPB Contractors and ACCIONA joint venture
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