Guinea XINYUAN MINING SARLU Successfully Completes First Shipment of Iron Ore Concentrates

On March 18, 2025, Xinyuan Mining SARLU (Liang Zhuge Mining) announced the successful shipment of the first batch of iron ore concentrates from its Yomboiley iron ore project located in the Ferkeania region of Guinea. This marked the first time in Guinean history that CAPE grade 62% iron ore concentrates were exported, signaling a new phase in the country's development of high-value-added iron ore resources and injecting quality resources into the global iron ore supply chain. The first shipment of CAPE grade iron ore concentrates was imported in collaboration with its partner, Jiangsu Foreign Trade & Economic Cooperation Co., Ltd., facilitating entry into the Chinese market.