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The world’s BIGGEST mining project, a $20bn iron ore, rail and port development to start in AFRICA this year - what you should know: The world’s biggest #mining project, a $20bn #ironore, #rail and #port development in #Guinea 🇬🇳, is expected to start this year after a 27-year wait beset by setbacks, scandals and several false dawns. UK-listed #RioTinto first secured an exploration licence in the Simandou mountains in south-eastern Guinea, 550km from the coastal capital, in 1997. Since then the country of 13mn people has had two #coups d’état, four heads of state and three presidential elections. In that time, Rio Tinto has had six chief executives, lost half the licence, fought drawn-out court battles with several corporate rivals, settled #corruption allegations with US authorities and even sought to exit the project completely, only for the sale to fall through. Finally, in 2024, once Rio Tinto’s state-owned Chinese partners receive the last approval from #Beijing, the Anglo-Australian miner intends to fire the starting gun on the most complex project in its history. “There is nothing else out there of this scale and size,” Rio Tinto’s Bold Baatar told the Financial Times in a recent interview. Although he is officially head of the #copper business, for the past seven years Baatar has been the executive responsible for hauling the project’s complex commercial agreements over the line. Too expensive for any single miner to develop alone, the project is now a #partnership between Rio Tinto, the Guinean government and at least seven other companies, including five from #China. Rio Tinto will build one iron ore mine — known as the Simfer project — in partnership with a #consortium led by the world’s largest aluminium producer, Chinalco. A second mine — known as the WCS project — will be built by Baowu, the world’s biggest steel producer, in partnership with a consortium led by #Singapore-based Winning International Group. At the same time, the parties will co-finance the construction of a 552km railway that will curve through Guinea’s mountainous interior to the sea and the development of a deepwater port on its Atlantic coast. Continue reading.. https://lnkd.in/e3r-Qesz #TransformingAfrica #TheAfricaWeWant #AfCFTA #BrandAfrica #AU #GDP #Investment #Africa #AfricaMeansBusiness #ThisIsAfrica #Diaspora #IT #OneAfrica #AUC #TransAfricanHighway #SMEs #CreatingOneAfricanMarket #Invest #Tariffs #TheAfCFTAEffect #AfricaRising #FDI #IntraAfricanTrade #Agenda2063 #Partnerships #AfCFTATV #WB #BuildBackBetter #InvestInAfrica #AfricanUnity #IMF #WTO #AfDB #TradeNotAid #AfCFTATrading #TravelToAfrica #CFTA #SAATM #TradeInAfrica #TradeUnderAfCFTA #JoinAfCFTA #AfricaOnTheMove #Infrastructure #Tourism #VisitAfrica #MadeInAfrica #AfCFTASecretariat #PanAfricanism #Investors #PAPSS #ZLECAF #AfricanSolutionsToAfricanProblems #Growth #BetterAfricaBetterWorld #StrongerTogether #UnitedUnderAfCFTA #AfCFTA2024 #AfricaYesWeCAN

Exciting news from Ivanhoe Mines! 🌍🚆 The Kamoa-Kakula Copper Complex has marked a major milestone by initiating copper concentrate exports through the Lobito Atlantic Rail Corridor. This strategic rail link connects the Democratic Republic of Congo (DRC) Copperbelt to the port of Lobito in Angola, promising transformative benefits for the region. The first shipment, part of a trial tonnage, arrived at the Lobito port on January 2nd, showcasing the potential of this game-changing infrastructure. The Lobito Corridor, stretching over 1,289 kilometers, is set to significantly reduce transportation times and energy consumption compared to the current road-based exports. Robert Friedland, Ivanhoe Mines' Executive Co-Chairman, highlighted the importance of this rail link for creating a new supply chain, emphasizing its positive impact on logistical costs and carbon footprint reduction. This development not only enhances the efficiency of Kamoa-Kakula's copper exports but is expected to benefit future projects within the Western Foreland basin. The consortium responsible for the Lobito Corridor, comprised of Trafigura, Mota-Engil, and Vecturis, has committed substantial investments to enhance rail infrastructure and capacity. The corridor's potential extension into Zambia adds further significance to its role in regional economic development. As Ivanhoe Mines pioneers ultra-green copper production in the DRC, this initiative aligns with the global need for sustainable mining practices. Exciting times ahead for the copper industry! 🚀🛤️ #mining #coppermining #infrastructuredevelopment #sustainablemining #greenmining #economicdevelopment

The Guinea government announced on Tuesday that shareholders involved in Simandou have signed $15 billion in financing agreements for the iron ore project. The accords provide funds for rail and port infrastructure that Compagnie du Trans-Guinéen — a joint venture 15% owned by the Guinean government and 42.5% equally by a Rio Tinto group with Chinese investors and China-backed Winning Consortium Simandou — will build. The signing occurred on April 2 after approvals came from the country’s transitional parliament and Chinese regulators, Guinea’s presidential office said in a statement on X. “Simandou is no longer a dream but a reality,” Djiba Diakite, head of the strategic committee who led the talks, said in the statement. “There is no doubt that the project will be delivered on schedule by the end of December 2025.” In February, Rio Tinto CEO Jakob Stausholm said that the company’s board had given the green light to the project in West Africa. Set to be the world’s largest and highest-grade new iron ore mine, the project will add around 5% to the global seaborne supply when it comes online. The project has long been the subject of prolonged negotiations due to its complex ownership structure, delays caused by legal disputes, Guinea’s political changes and construction challenges. Rio Tinto plans to invest $6.2 billion in Simandou. #mining #minerals #commodities #iron #lithium #copper #nickel #cobalt #gold #guineas #simandou #ironore #project #secures #15billion #financing #refinery #processingplant #investment #riotinto #JakobStausholm

Koryx attracts N$128m for Namibian and Zambian copper projects: Canadian copper development company Koryx Copper Inc is securing C$10 million (N$128 million) for the development of the Haib copper project in Namibia. According to a statement from the company, part of this money will also be used for the Luanshya West and Mpongwe projects in Zambia, and for general working capital purposes. The company says it has received an offer for the sale of up to nine million common shares of the company at a price of C$1.10 per share. The offer is subject to Toronto Stock Exchange (TSX) Venture Exchange approval, and all shares issued under the deal will be subject to a four-month hold from the date of issuance. Koryx Copper Inc is focused on advancing the preliminary economic assessment (PEA) stage Haib Copper Project in Namibia, while also building a portfolio of copper exploration licences in Zambia. A PEA is often the first stage of an economic study and has the lowest accuracy level. The company recently appointed a new management team, with Tony da Silva as chief financial officer, Charles Creasy as the head of project development, Steve Burks as the senior metallurgical study consultant and Jon Andrew as the vice president of exploration for Namibia and Zambia. All four are part of the former Osino management team that discovered and advanced Osino’s Twin Hills gold project in Namibia until the recent sale to Shanjin Gold International. They worked together as a team for over five years under Heye Daun and will continue to assist with the ownership transition of Osino, while taking up their new roles at Koryx. Daun is now the executive chairman of the Koryx board, while Alan Friedman is the president of the company. “After investing our own capital in Koryx earlier in 2024 […] we are fortunate to attract the skilled technical and executive management required to reposition Koryx as a successful Namibian copper developer with significant scale potential,” he says. Haib is a large and advanced copper/molybdenum porphyry deposit in southern Namibia with a long history of exploration and project development by multiple operators. Mineralisation at Haib is typical of a porphyry copper deposit which remains intact. Porphyry copper deposits are a major global source of copper with the best-known examples being concentrated around the Pacific Rim, North America and South America. Haib is one of a few examples of paleoproterozoic porphyry copper deposits in the world, and one of only two in southern Africa – both found in Namibia. According to the statement, more than 70 000m of drilling has been conducted at Haib since the 1970s, with significant exploration programmes led by companies such as Falconbridge, Rio Tinto and Teck, which remains a strategic and supportive shareholder. In addition to extensive drilling, metallurgical testing, geophysics and…

📯🇬🇳Guinea will host world's largest mining investment. After decades,🇬🇧UK-based Rio Tinto and 🇨🇳Chinese SOEs have decided to mine the Simandou mountains and finalise the Simfer and WCS projects. Yet, tensions are increasing within the country and in Western Africa. After 27 years of wrangling, twists and turns, Rio Tinto's board has committed to realise the world's largest mining project in Guinea, highlighting the importance of Africa as the meeting point of Western and Eastern energy geopolitics and transition strategies. Rio Tinto, with partners from all around the world, including🇨🇳China's Chinalco, world's largest aluminium producer, and Baowu, the world’s biggest steel producer, are realising a series of giant infrastructures. By the end of the decade, mines, railways, freeway and ports will make it possible to connect the Simfer and WCS mines in the Simandou mountains, in south-eastern Guinea and close to the border with🇨🇮Ivory Coast, to the Atlantic Coast. From here, high-grade iron ore mined in Guinea, among the purest assets of this commodity available in the world, will be available to global markets and, in particular, to major steel and aluminium producers in China. They are desperate to lower the emissions from hundreds of plants across the country and ready to commit billions in the world's largest project of this kind. Energy transition and energy geopolitics meet once again in Guinea. The government has for long supported the implementation of these projects. The astonishing price tag is around $20 billion, larger than many world-class oil and gas projects discussed over the last two decades. The Chinese government is fully committed to sustain such international infrastructures with the aim of decarbonising several industries, expanding the energy and mining diplomacy in Africa, while partnering with Western firms in such endeavours, absorbing critical know-how. Prices of critical raw materials have been very volatile over the last few years. Geopolitics and economic crises influenced such trends. Partners of Guinea's projects bet on growing demand, triggered by the energy transition, and lasting revenues. Nevertheless, since the 2021 Guinea's coup by Mamady Doumbouya, the junta has grown in power and has isolated the country from neighbours. The appointed government has just been dissolved without an explanation, while the regime has ordered to close the borders. Free and democratic elections are expected in just 10 months…

via StockHound Black Canyon Limited has recently made a significant announcement regarding its Balfour Manganese Field (BMF). #BCA has completed two JORC 2012 Exploration Target Estimates (ETE) for the Pickering and Balfour East prospects. These estimates reveal a total of ETE estimated between 160 and 215 million tonnes, at 11 to 12% manganese content. This discovery places the BMF among the few substantial deposits outside of Africa, situated in a mining-friendly region like Western Australia. The ETE is an addition to the Global Mineral Resources already identified across BMF projects, totalling 314 million tonnes at 10.5% #manganese, containing 33.1 million tonnes of manganese. Learn more: https://loom.ly/aLR2dMA #BlackCanyon #ASX

Kazakhstan and the United States Strengthen Collaboration in Energy and Mining. Kanat Sharlapayev, Kazakh Minister of Industry and Construction, visited the United States to expand partnerships with the U.S. International Development Finance Corporation (DFC) and key players in energy, geology, and mining. The ministry’s press service reported this on Feb. 29. During his engagements, Minister Sharlapayev met with DFC Deputy CEO Nisha Biswal to discuss economic advancement and bilateral trade, highlighting a 12% increase in U.S. companies in Kazakhstan. They discussed initiatives such as the KazAzot fertilizer plant, electric vehicle charging stations, and the development of pivotal infrastructure projects like the container hub at the Aktau port and a transport and logistics hub in the West Kazakhstan Region. Biswal expressed interest in further collaboration, affirming the DFC's commitment to projects in Kazakhstan. Read more: https://lnkd.in/e2zHej7d #KazakhstanUSA #EnergyCooperation #MiningPartnerships #InfrastructureDevelopment #EconomicGrowth #DFCInvestments #BilateralTrade #RareEarthMetals #LogisticsHub #GlobalPartnerships #KIOGE

Metalkol Enters Copper Mark for Sustainable Production in the DRC Eurasian Resources Group’s (ERG) Metalkol operation in the Democratic Republic of Congo (DRC) has officially embarked on the Copper Mark assurance process, following the signing of a letter of commitment on September 12. The Copper Mark, established in 2020, is an assurance framework designed to promote responsible sourcing and production within the copper, nickel, molybdenum, and zinc value chains. The assurance process is voluntary, transparent, and independent, involving evaluations by approved third-party assessors to verify Metalkol’s compliance with rigorous standards for responsible production practices. By participating in this process, Metalkol aims to demonstrate its commitment to sustainable and responsible operations, aligning with the Organisation for Economic Cooperation and Development’s (OECD) Due Diligence Guidance for Responsible Supply Chains of Minerals. “Metalkol is the first tailings reprocessing site to commit to the Copper Mark assurance process,” stated Copper Mark Executive Director Michèle Brülhart on October 15. “Reprocessing mine waste is essential for minimizing long-term site impacts and maximizing production efficiency.” ERG Africa CEO Nicolas Treand highlighted the acceptance of Metalkol into the Copper Mark program as a significant achievement for ERG in Africa and the broader ERG group. “This process reflects our commitment to the highest sustainability standards and supports the responsible development of the DRC’s mining sector, which is critical to the country’s future.” https://lnkd.in/dr4MbjCj #Mining #MiningIndustry

Rio Tinto's Bold Move: Simandou Iron Ore Project Gets Green Light Rio Tinto's CEO, Jakob Stausholm, revealed to the Financial Times that the company's board has officially approved the ambitious Simandou mining project in West Africa. Stausholm aims to kickstart iron ore production from this colossal $20 billion venture as early as 2025. In a groundbreaking decision, the board has given the nod to what is touted as the world's most extensive mining project, marking a pivotal moment in the company's trajectory. Rio Tinto had previously indicated plans to initiate infrastructure work this year, signalling a determined push forward after nearly three decades of setbacks and controversies. Anticipated to become the globe's largest and highest-grade new iron ore mine, the Simandou project is set to contribute approximately 5% to the world's seaborne supply upon commencement. The venture, a collaborative effort involving Rio Tinto, the Guinean government, and several other entities, including five from China, has navigated through extensive negotiations, legal disputes, political shifts in Guinea, and construction complexities. #miningjobs #energyjobs #infrastructurejobs #projectresourcing #recruitment #collaboration #teamwork #team #corporateculture #concentis #energynews #miningnews #infrastructurenews #recruitmentnews #projectmanagement #projectmanagementjobs #assetmanagement #assetmanagementjobs

Reports out of the West African nation of Guinea suggest that the giant Simandou iron ore development has hit a major milestone in its development with the project’s backers securing approximately $23 billion in financing. The funding will support the co-development of more than 600 kilometres of new multi-use rail together with port facilities that will be used to export iron ore from the Simandou mining concessions in the southeast of the country. The creation of the new multi-use rail together with port facilities was seen as a major stepping stone in bringing Simandou to commercialisation. https://lnkd.in/ezd-KfQw