World’s largest untapped iron ore project secures $23b in financingBy Colin Hay - April 15, 2024Reports out of the West African nation of Guinea suggest that the giant Simandou iron ore development has hit a major milestone in its development with the project’s backers securing approximately $23 billion in financing.The funding will support the co-development of more than 600 kilometres of new multi-use rail together with port facilities that will be used to export iron ore from the Simandou mining concessions in the southeast of the country.The creation of the new multi-use rail together with port facilities was seen as a major stepping stone in bringing Simandou to commercialisation.
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World’s largest untapped iron ore project secures $23b in...
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