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China's Baosteel expects Simandou to mine first cargo by end 2025
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China's Baosteel expects Simandou to mine first cargo by end 2025
Nov 3, 2024 2:37 PM

Oct 30 (Reuters) - China's biggest listed steelmaker

Baoshan Iron & Steel said on Wednesday that it

expected the Simandou iron ore project to complete

infrastructure construction and mine its first cargo by the end

of 2025.

The Simandou project in southeast Guinea in Africa is set to

be the world's largest and highest grade new iron ore mine, key

to the green transition in the global steel value chain,

The project will have an annual production capacity of 120

million metric tons.

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