China's Ability to Impact Iron Ore Prices with Guinea Project

 Mining.com posted on 3 November 2025 an article titled "China's Massive African Mine Threatens to Upend Iron Ore Market" by Thomas Biesheuval and William Cloves.  

Simandou mine in Guinea is the world's largest untapped iron ore deposit with estimated reserves of 3 billion tons.  Its iron content is among the world's highest, and its development could impact the global market.  Chinese firms own most of the project.  China will be in a strong position to influence iron ore prices once production advances further.

Guinea Suspends Iron Ore Project with 40 Percent Chinese Investment

 Reuters published on 11 March 2022 an article titled "Guinea Suspends Simandou Iron Ore Project, Saying There Has Been No Progress" by Saliou Samb.

Guinea's military regime has ordered the cessation of all activity at the massive Simandou iron ore deposit in which the Aluminum Corp of China has a 40 percent investment.  The main sticking point seems to be disagreement over construction of a costly railway needed to transport the ore.