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Simandou Project Launches: Guinea's $23 Billion Mining Boom

11/5/2025

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Summary

Story summary

The Simandou project in Guinea, valued at $23 billion, will commence operations after decades of delays.
It is Africa's largest mining project and could make Guinea Africa's second-largest exporter of minerals, though governance concerns persist.
Chinese state-owned enterprises own 75% of the project.
Rio Tinto holds 25%.
The plan includes a 600-kilometre railway to a new deep-water port and aims to produce up to 100 million tonnes annually.

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Story summary

The Simandou project in Guinea, valued at $23 billion, will commence operations after decades of delays.
It is Africa's largest mining project and could make Guinea Africa's second-largest exporter of minerals, though governance concerns persist.
Chinese state-owned enterprises own 75% of the project.
Rio Tinto holds 25%.
The plan includes a 600-kilometre railway to a new deep-water port and aims to produce up to 100 million tonnes annually.