Guinea’s bauxite deposits are the largest in the world, drawing business leaders to the West African country in search of more. Yet an iron ore deposit of some 3 billion tonnes in Simandou in the southern highlands, has long remained unexploited.
Last week, however, Guinean officials said the deposit signals a new future for the country, giving themselves 15 years to fully profit from the mines. The deposits now form part of the larger integrated Simandou Project, which includes the mines, a railway line, and a deep-water port.
