Who owns Simandou?
Rio Tinto holds a 45% stake in blocks three and four of Simandou, and is currently mulling options to move forward with it. State-controlled Chinalco owns 40% and the Guinea government 15%.
Where is simandou located?
southeastern Guinea
Simandou is a 110-kilometre-long (68 mi) range of hills located in the Nzérékoré and Kankan regions of southeastern Guinea, in the country’s mountainous, forested Guinée Forestière region. At the southern end of the range the site of a large iron ore deposit is currently being developed.
How much iron ore in Simandou?
The Simandou mine in Guinea has estimated reserves of 2.4 billion tonnes of iron ore.
Does Guinea have iron ore?
Iron ore: the world’s largest untapped deposits Guinea has the largest untapped iron ore reserves in the world. This ore, of outstanding quality, often has an iron content greater than 65%.
Which country leads in the production of iron ore in the world?
Australia
List
| Rank | Country | Usable iron ore production (1000 tonnes) |
|---|---|---|
| World | 2,500,000 | |
| 1 | Australia | 930,000 |
| 2 | Brazil | 480,000 |
| 3 | China | 350,000 |
Where is Guinea West Africa?
Guinea is located in western Africa. Guinea is bordered by the Atlantic Ocean, Guinea-Bissau to the west, Senegal and Mali to the north, Cote d’Ivoire (Ivory Coast) to the east, and Liberia and Sierra Leone to the south.
Who has the best quality iron ore in the world?
Brazil – 400 million tonnes Vale has a strong presence in the country and is currently the world’s leading iron ore miner, with annual output reaching 300 million tonnes in 2020. Brazil holds around 34 billion tonnes of crude iron ore reserves, second only to Australia.
Where does China import iron ore from?
As the largest country in terms of steel output and exports, China’s demand for iron ore has been strong. However, China depends heavily on iron ore imports, with around 80 percent of iron ore resources coming from abroad. About 60 percent of China’s iron ore resources come from Australia and 20 percent from Brazil.
Who has the most iron ore in the world?
Australia and Brazil are among the world’s largest iron ore producers and hold a large portion of the world’s iron ore reserves. Australia makes up half of the world’s iron ore exports.