Guinea Launches Operations at World's Largest Iron Ore Mine—Simandou—on Tuesday
Guinea Launches Operations at World's Largest Iron Ore Mine—Simandou—on Tuesday
The official ceremony takes place at the Morébaya port, south of Conakry, the export hub for the mined iron, the government announced.
Distinguished guests include the presidents of Gabon and Rwanda, along with delegations from China, Mauritania, and Côte d’Ivoire.
Economic and social impacts:
🟠GDP growth: +26% by 2030, according to IMF projections.
🟠Total investment: $20 billion.
🟠 Infrastructure: steel mills for local transformation, roads, and special economic zones.
🟠 Jobs created: over 50,000.
Guinea will reportedly hold 35% in mining operations.
Watch the video published by the Guinean presidency to learn what the mine means for the country
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