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Simandou III

Sector: Water Supply and Storage • Location: Guinea

Source: International Finance Corporation (IFC)

Project
Completed

The Simandou iron ore project is located in South-east Guinea, approximately 600km from the Guinean coast. The current phase of the project (the “Project” or “Simandou III”) entails the completion of a Preliminary Engineering Assessment (“PEA”), Definitive Engineering (“DE”), early construction works and advance ordering of long lead items at an estimated expenditure of more than $3.5 billion ove

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The project “Simandou III” is an infrastructure initiative in the Water Supply and Storage sector, located in Guinea. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Description

Description

The Simandou iron ore project is located in South-east Guinea, approximately 600km from the Guinean coast. The current phase of the project (the “Project” or “Simandou III”) entails the completion of a Preliminary Engineering Assessment (“PEA”), Definitive Engineering (“DE”), early construction works and advance ordering of long lead items at an estimated expenditure of more than $3.5 billion over the next eighteen months, and culminating in the formal decision to proceed with the full development of the operation (“Decision to Mine”). A large high grade iron ore resource has been delineated and is expected to support a 95Mtpa mining operation for over thirty years. Development of the mining operation would include development of new rail and port infrastructure to export the ore. This infrastructure component is expected to account for around two-thirds of the total cost of the Simandou iron ore project.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

obfuscated_data,obfuscateddata.com

More Details

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