Simandou is part-owned by Rio Tinto Group and Winning Consortium Simandou, which is backed by Chinese and Singaporean companies. Recent negotiations allowed China Baowu Steel Group to enter in the project so as to accelerate the financing.
“My ambition is for the Simandou project to serve as real catalyst for the economic development of Guinea, and allow the country to become a major player in the world iron ore market,” Doumbouya said in a speech.
He urged the companies involved to accelerate the project.
(Reporting by Ougna Camara).
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