The Winning Consortium commits to responsible development of the Simandou iron ore mine

Published: Aug 4, 2025 18:22

Save

According to a report by Mining.com citing Bloomberg, the Winning Consortium Simandou (WCS), one of the companies developing the world's largest untapped iron ore deposit in Guinea, said it is working closely with the government and local communities to address environmental concerns related to the project.

A non-governmental organization called AFCA (Advocates for Community Alternatives) believes that the construction of the Simandou project will lead to water and soil pollution.

"WCS is committed to developing this project responsibly in accordance with Guinea's regulations and international standards," WCS said in response to the concerns.

"We have repeatedly promised that this project will bring sustained and inclusive benefits to the people of Guinea."

Rio Tinto, which controls Blocks 3 and 4 of the Simandou iron ore mine, said, "We will fully comply with Guinea's regulations and international standards through prevention, mitigation, and compensation measures, and do our utmost to minimize the impact of mine operations."

On July 29, AFCA claimed that the fishing areas in settlements surrounding the seaport built for ore exports were being polluted, and buildings were developing cracks. The report stated that analyses of water and soil samples collected from the southeastern part of the iron ore deposit showed high acidity and bacterial contamination.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 18:30

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

Feb 6, 2026 18:30

Feb 6, 2026 18:09

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

Feb 6, 2026 18:09

Feb 6, 2026 17:41

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

Feb 6, 2026 17:41