{"id":474453,"date":"2021-11-25T10:30:03","date_gmt":"2021-11-25T10:30:03","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=474453"},"modified":"2021-11-25T10:30:03","modified_gmt":"2021-11-25T10:30:03","slug":"guinea-simandou1-2-smb-wining-announces-production-in-2025","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/11\/25\/guinea-simandou1-2-smb-wining-announces-production-in-2025\/","title":{"rendered":"Guinea \/ Simandou1 &#038; 2: SMB-Wining announces production in 2025"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>This announcement was made on November 23, 2021 following a strategic summit meeting between the shareholders of the SMB \/ Simandou project and the Guinean Prime Minister, Mohamed B\u00e9avogui. The objective was to present the progress of the project and try to reassure the new authorities on the continuation and respect of the schedule of the project of exploitation of blocks 1 &amp; 2 of the iron deposit of Simandou.<\/p>\n<p>The ruling junta having announced major reforms in Mines with local content, transparency and the withdrawal of dormant permits as a common thread, Sun Xhiushun and Fadi Wazni tried to reassure the Prime Minister of the Guinean transition, Mohamed B\u00e9avogui, in announcing that the mobilization of financial resources and the finalization of feasibility studies are underway to accelerate the construction of the Simandou iron ore disposal infrastructure.<\/p>\n<p>Sun Xhiushun, the Chinese majority shareholder of the consortium and also general coordinator of the Simandou 1 and 2 project, also promised the Prime Minister that the construction of the railway for transporting the ore will be completed by the end of 2024. Long de 670 km, this railway called the &#8220;Trans-Guinean&#8221; that the SMB promised to build and which contributed to its selection by the former regime, to exploit blocks 1 &amp; 2 of the Simandou iron deposit, to the detriment of the Australian Fortescue Group, will cross the whole country, leading to a deep-water port to be built at Morebayah in For\u00e9cariah.<\/p>\n<p>For his part, Mohamed B\u00e9avogui recalled that the exploitation of Guinea\u2019s mineral resources must be reflected in terms of impact. &#8220;We are at a time when Guinea must take advantage of the wealth created in the mines &#8230; that mining is combined with industrial and agricultural development.&#8221; Inviting at the same time, the SMB to play a &#8220;true strategic partnership&#8221;.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>This announcement was made on November 23, 2021 following a strategic summit meeting between the shareholders of the SMB \/ Simandou project and the Guinean Prime Minister, Mohamed B\u00e9avogui. The objective was to present the progress of the project and try to reassure the new authorities on the continuation and respect of the schedule of<\/p>\n","protected":false},"author":536282,"featured_media":474454,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12032,12036],"tags":[20264,13268,20262,20263],"class_list":["post-474453","post","type-post","status-publish","format-aside","has-post-thumbnail","category-commodities-en","category-sectors","tag-20264","tag-guinea","tag-guinea-simandou1-2","tag-smb-wining","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Guinea \/ Simandou1 &amp; 2: SMB-Wining announces production in 2025 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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