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Vale and BSGR stripped of Simandou - does Africa's Pilbara have another chance?

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Report summary

The Government of Guinea (GoG) have decided to withdraw the mining permit held by VBG the joint venture of BSGR and Vale in the giant Simandou iron ore deposit.Based on an estimated US$12.7 billion in capital we estimate a valuation of US$2.6 billion for the deposit with an implied 62% Fe Pilbara Fines FOB break even price of US$75.6/tonne (2014 real). Though the deposit is potentially extremely profitable there are considerable risks involved with the project.

What's included

This report contains

  • Document

    Simandou Blocks 1 and 2 Guinea.xls

    XLS 339.50 KB

  • Document

    Charts and Tables.xls

    XLS 110.50 KB

  • Document

    Vale and BSGR stripped of Simandou - does Africa's Pilbara have another chance?

    PDF 2.35 MB

  • Document

    Vale and BSGR stripped of Simandou - does Africa's Pilbara have another chance?

    ZIP 717.37 KB

Table of contents

Tables and charts

This report includes 6 images and tables including:

Images

  • Vale and BSGR stripped of Simandou - does Africa's Pilbara have another chance?: Image 1
  • Vale and BSGR stripped of Simandou - does Africa's Pilbara have another chance?: Image 2
  • Figure 2: 2020 US$/dmt 62% Fe equivalent curve FOB seaborne export (2014 real)

Tables

  • Vale and BSGR stripped of Simandou - does Africa's Pilbara have another chance?: Table 1
  • Vale and BSGR stripped of Simandou - does Africa's Pilbara have another chance?: Table 2
  • Vale and BSGR stripped of Simandou - does Africa's Pilbara have another chance?: Table 3

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