Reuters published on 13 November 2019 an article titled "China-backed Consortium Wins $14 Billion Guinea Iron Ore Deal, Pipping Australia's Fortescue" by Saliou Samb.
A consortium of French, Singaporean and Chinese interests won a $14 billion tender to develop part of Guinea's Simandou iron ore project. Guinea required that bidders build a 400 mile railway and deepwater port to transport the ore from the remote southeastern corner of Guinea to the coast. Investors include the Chinese aluminum producer Shandong Weiqiao.