Chinese-backed Simandou iron ore project in Guinea completes full commissioning of northern industry chain
Detailed summary
China Baowu Steel Group announced on Thursday that the north section of the Simandou iron ore and infrastructure project in Guinea, a world-class hematite deposit, has been completed and entered operation. Industry observers said the achievement marks diversification of China's iron ore import sources and highlights the growing capability of Chinese companies in global resource development and integrated project…
China Baowu Steel Group (CBSG) announced on Thursday that the north section of the Simandou iron ore and infrastructure project in Guinea, a world-class hematite deposit, has been completed and entered operation.Industry observers said that the achievement marks the diversification of China's iron ore import sources and highlights the growing capability of Chinese companies in global resource development and integrated project delivery.The mine project, operated by the Chinese-backed Baowu Winning Consortium Simandou, has completed the full-line heavy-load trial run of its second series downhill conveyor system.
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