The project, with an investment exceeding $20 billion, involves the development of a mine, railway, and port infrastructure. It is divided into northern and southern blocks, with construction of the northern section having begun in June 2024.

With the project now entering stable operations and gradually ramping up to full capacity, it is expected to provide a solid and sustainable raw material base for the steel industry in China and around the world. Additionally, it will serve as a long-term driver for Guinea’s economic and social development.

According to Baowu Resources Co Ltd, the second shipment of Simandou iron ore was dispatched to China at the end of last year. Baowu Resources aims to leverage the Simandou iron ore as a leading source and contribute to the creation of greater value for its steel industry and ecological partners.