Where is the Simandou mine located?
Where is the Simandou mine located?
Guinea’s southern Nzérékoré
The Simandou mine, located in Guinea’s southern Nzérékoré Region, contains an estimated 2.25bn tonnes of high-grade iron ore, making it one of the largest deposits of its kind in the world.
Who owns Simandou iron ore?
Rio Tinto has held rights to Simandou since 1997. It owns a 45.05% stake in the southern half, Blocks 3 and 4, of the deposit, with Chinalco holding 39.95% and Guinea’s government the remaining 15%. SMB-Winning won a government tender in November 2019 for Blocks 1 and 2.
Who owns the Simandou mine?
However, the mine has been entirely untapped even after decades of its discovery due to political instability and legal disputes. Rio Tinto currently owns a 45% stake in Blocks 3 and 4 of Simandou deposit whereas Chinalco and Guinea’s Government own 40% and 15% stakes respectively.
Where is Rio Tinto Simandou?
Guinea
Rio Tinto Group’s board has signaled its support to develop the Simandou iron ore project in Guinea, the world’s biggest untapped resource of the key steelmaking ingredient.
Which country has the most iron ore in Africa?
Simandou, a 110-kilometer range of hills deep in the hinterland of Guinea in Western Africa, boasts the world’s largest untapped iron ore reserves. They could reshape the global supply chain of the critical ingredient of steel, the world’s second-most traded commodity behind crude oil.
Where is the Simandou project?
eastern Guinea
The Simandou iron ore project is located in eastern Guinea, approximately 600km from the Guinean coast and 400km from the Liberian coast. Image courtesy of Rio Tinto.
Is Rio Tinto in Guinea?
Rio Tinto’s presence in Guinea began in 1997, when the Minister of Mines invited the company to conduct initial exploration work at Simandou.
How big is Simandou?
Simandou is a 110-kilometre-long (68 mi) range of hills located in the Nzérékoré and Kankan regions of southeastern Guinea, in the country’s mountainous, forested Guinée Forestière region. At the southern end of the range the site of a large iron ore deposit is currently being developed.
Where is Guinea located?
AfricaGuinea / Continent
Who has the best quality iron ore in the world?
The Carajás Mine in Brazil’s northern state of Pará is one of the largest iron ore mines globally, and is operated by Rio de Janeiro-based company Vale. Vale has a strong presence in the country and is currently the world’s leading iron ore miner, with annual output reaching 300 million tonnes in 2020.
Where is the biggest iron ore in the world?
Northern Brazil
The Vale-owned Carajas mine in the state of Para in Northern Brazil is the world’s biggest iron ore mine holding 7.27 billion tonnes of proven and probable reserves as of December 2012.
What country owns Rio Tinto?
Rio Tinto Group is an Anglo-Australian multinational company that is the world’s second-largest metals and mining corporation (behind BHP). The company was founded in 1873 when of a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government.
Do the Rothschilds own Rio Tinto?
Rothschild owns the gold and diamond mines of S. Africa and major extractive industries such as Rio Tinto and British Petroleum.
Why is Guinea so poor?
There is a significantly higher occurrence of poverty in rural areas compared to urban areas. Many Guineans rely on agriculture and do not receive help from any national safety net program; therefore, when frequent floods and natural disasters hit, rural areas are especially devastated.
What is the biggest mining company in the world?
Glencore
List of largest mining companies by revenue
| No. | Company | Revenue (billion US dollars) |
|---|---|---|
| 1 | Glencore | 220.1 |
| 2 | BHP | 43.6 |
| 3 | Rio Tinto | 40.7 |
| 4 | China Shenhua Energy | 38 |
Where is Simandou iron ore mine located?
Simandou iron ore mine is located in southeast Guinea, Africa. First production from the mine is expected in 2015. The mine has a projected life of at least 30 years. The Simandou iron ore project is located in eastern Guinea, approximately 600km from the Guinean coast and 400km from the Liberian coast.
What’s happening with Rio Tinto’s Simandou mine?
Rio Tinto Limited plans to build a 650 km railway to transport iron ore from the mine to the coast, near Matakong, for export. Much of the Simandou iron ore is expected to be shipped to China for steel production. Despite assurances, the mine is still not operational.
Could Simandou be Guinea’s largest iron ore exporter?
Analysts at CRU Group estimate Simandou could eventually produce 150 million tonnes of iron ore a year, making Guinea the third largest iron ore exporter in the world, after Australia (900 million tonnes a year) and Brazil (360 million tonnes a year).
Will Rio Tinto’s board support Simandou in Guinea?
Rio Tinto Group ’s board has signaled its support to develop the Simandou iron ore project in Guinea, the world’s biggest untapped resource of the key steelmaking ingredient.
