China-backed consortium SMB-Winning aims to bring blocks 1 and 2 of Guinea’s massive Simandou iron ore deposit into production by 2025, Société Minière de Boké Chairman Fadi Wazni said, a tight timetable for a huge mine and infrastructure project.
The consortium – which includes Singapore’s Winning Shipping, Guinean mining logistics firm United Mining Supply (UMS), Chinese aluminium producer Shandong Weiqiao, and Guinea’s government – won a $14 billion government tender in November 2019 to develop the blocks.
“2025 is what we are aiming to,” Wazni said at the Financial Times Mining Summit. “I have to say that, if you look at our record with bauxite… we are fairly confident we will meet this target.”
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