Iron ore price, page-51441

Good luck to all those trying to develop that mine in Guinea. Apart from the many stakeholders, the complex engineering, rough terrain, wet season, infrastructure needed to get the train line, port, bridges, mine built. 24km of tunnels, one of which 11km long and 500 bridges, you have this going on in the country this week… apparently mining industry has come to standstill as a result

2028 is more like it…

https://www.aljazeera.com/amp/news/2024/2/27/two-people-shot-dead-as-guinea-protest-turns-bloody


Strike in Guinea’s capital threatens mining sector
Guinea has been under the control of a military junta, which seized power in 2021 after a coup.

Annabel Cossins-SmithFebruary 28, 2024
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Guinea is one of the world’s largest producers of bauxite. Credit: KholodMichael via Shutterstock.com.
A large-scale national strike, started on Monday in Guinea’s capital city, is disrupting operations across the country’s mining sector, sources have said.

Workers are demanding higher wages, better working conditions, the lifting of internet restrictions across the country and the liberation of a detained trade union leader, Sekou Jamal Pendessa.

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Guinea has been under the control of a military junta, which seized power in 2021 after a coup. Anti-government protests have sporadically erupted throughout the last few years, intensifying over recent months. So far, all have been quashed, sometimes violently, by the junta.


The ongoing strike has left streets in the West African country’s capital, Conakry, largely empty, banks closed and normally bustling markets deserted. Security forces were deployed at major road junctions at the beginning of the week, Reutersreported.

A senior official of a mining company, speaking anonymously, told reporters that employees were refusing to work, but added that mines are maintaining minimum service operations.

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• Guinea trade unions suspend national strike after union boss released View attachment upload_2024-3-1_16-15-48.gif
• Harmony Gold to extend South Africa’s Mponeng mine life by 13 years View attachment upload_2024-3-1_16-15-48.gif

Guinea is the world’s second-biggest bauxite producer. Traders said alumina prices in China were trading higher due to the strike, but the impact is currently limited thanks to large inventories of bauxite in China.