November 13, 2019 / 11:26 AM / 25 days ago

SMB-Winning awarded tender to develop Simandou iron mine blocks

DAKAR, Nov 13 (Reuters) - A consortium of Guinea’s Societe Miniere de Boke (SMB) and Singapore’s Winning said on Wednesday that it had won the tender to develop blocks 1 and 2 of Guinea’s giant Simandou iron ore project, edging out Australia’s Fortescue.

SMB-Winning said in a statement that it would build a 650 km (404 mile) railway and deepwater port to export output via the Guinea coast. The mine contains billions of tonnes of high grade ore. (Reporting by Aaron Ross Editing by Edward McAllister)

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