Guinea Sees Maximum Simandou Output in Second Year of Operation

Guinea expects the giant Simandou iron-ore project, which is expected to begin production by December, to achieve maximum output by its second year of operation.

The government projects the two mines at the world’s largest untapped iron-ore deposit will produce 30 million tons each in the first year, Mines and Geology Minister Bouna Sylla told Bloomberg TV in an interview. Output is then expected to double to 60 million tons at each site the following year, he said on Tuesday on the sidelines of the Mining Indaba conference in Cape Town.