Asset Report
Simandou (Blocks 1 and 2) iron ore mine
Report summary
The Simandou deposit is one of the largest undeveloped high grade deposits in the world. When brought online, it would be one of the lowest operating costs of mines supplying the seaborne market, accounting for just under 10% of the total seaborne export production. In November 2019, the Government of Guinea announced it had selected a Chinese backed consortium, Winning Consortium Simandou (WCS), to develop Blocks 1 & 2, or Simandou North. WCS's bid was for US$14 billion and included the development of the 685km trans-Guinean railway and a deepwater port at Matakong. A decision by shareholders to co-develop the infrastructure has been reached, clearing the path for the speedy development of Simandou. However, the recent dissolution of the government of Guinea may bring headwinds to the project's timeline.
Table of contents
- Summary
Tables and charts
This report includes 13 images and tables including:
- Simandou (Blocks 1 and 2) Emission Intensity Quartile ranking – total global production - tonnes of ore
- Detail Map
- Participation
- Marketable reserves (at 01/01/2024)
- Production
- Production
- Operations
- Infrastructure
- Cash costs
- Cash costs
- Capital costs
- Product quality
- Economic assumptions
What's included
This report contains:
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