Perhaps the most tangible catalyst for the December rally was the historic milestone reached at the Simandou project in Guinea... The successful launch of Simandou represents a significant win for Guinea ...
The Simandou mega-mining ... The Simandou mine, inaugurated in November with a large-scale ceremony in Guinea, is presented as a politically critical showcase project ahead of the December 28 elections.
the railway corridor for the Simandou project. This mining megaproject is intended to connect the iron ore deposits of Simandou to the deepwater port currently under construction at Moribaya in on the Atlantic coast of Guinea.
The equipment is destined for the SimFer mine, part of the Simandou iron ore project in Guinea, West Africa, marking a significant milestone and showcasing Chinese manufacturing excellence at the world's largest untapped high-grade iron ore reserve.
Located in southeastern Guinea's BelaProvince, Simandou holds more than 4 billion tons of reserves with average iron content above 65 percent, making it one of the highest-grade hematite deposits globally.