Page 30 - Simandou News Today

Work on Guinea’s massive Simandou iron ore mine and infrastructure project is set to restart in March, Reuters reported Wednesday

Authorities ordered work to stop in July last year in a bid to force the shareholders to agree joint venture terms.

Guineas military government has announced that it is going to relaunch the developmnet works at the Simandou mine, one of the largest untapped deposits of high-grade iron ore, following consultations with Chinese investors and officials

Ground Breakers: Forrest says Fortescue’s African iron ore will blend ‘spectacularly’ with Pilbara output

Australian headline inflation tops 7.8%, hotter than forecast. Microsoft records slowest sales growth in 6 years. Woodside posts record oil production. Laybuy delists.

Analysts say the backers of Guinea’s Simandou iron ore mine are investing in small, sub-scale equipment that will get them to market quickly but hamper expansion.

Guinea’s mining project is held up as the bogeyman that will bring Australia’s biggest export industry to its knees. But Brazil will have a bigger say in future prices.

An Australian executive building an iron ore project in Guinea reckons demand for Australian ore may perversely rise if the Simandou province comes to fruition.

In today’s Daily Reckoning Australia, everybody loves to talk battery minerals, but iron ore is still where the big money is.

In the 1970s, Japan turned to Brazil to reduce its reliance on Australian iron ore. Now history could be repeating itself as China looks to Africa.