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South China Morning Post

South China Morning Post

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World

Guinea's vast Simandou mine on track to start delivering for Chinese investors

South China Morning Post
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US -based rail manufacturer Wabtec has secured deals worth US$525 million to supply the locomotives that will deliver the first shipments.

Simandou, the world's largest known undeveloped reserve of high-grade iron ore, is strategically important to China .

China aims to diversify its suppliers from Australia and Brazil , that together account for about 80 per cent of seaborne exports.

Simfer and WCS will construct the dual track main rail line, a 16km ( 10-mile ) spur rail line and a 60 million tonne per year barge port.

Ownership of the rail and port infrastructure will transfer from CTG to the Guinean state after 35 years of operation.