Mar 21, 2023 06:43 PM

BUSINESS

Construction Restarts at Chinese-Backed Simandou Iron Ore Mine

By Luo Guoping and Mo Yelin

Simandou holds over 2 billion tons of iron ore reserves and some of the highest grades in the industry. Photo: © 2022 Rio Tinto/Courtesy of Rio Tinto Simandou

Simandou holds over 2 billion tons of iron ore reserves and some of the highest grades in the industry. Photo: © 2022 Rio Tinto/Courtesy of Rio Tinto Simandou

After being suspended for nearly a year, construction work has resumed on the West African Simandou mine, said to contain the world’s largest untapped deposit of high-grade iron ore, after local authorities were finally able to get the companies behind the project to agree to work together.

The government of the Republic of Guinea held a ceremony over the weekend to officially commence the resumption of construction work on Simandou, according to posts published on its official Facebook and Twitter accounts Sunday.

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