China's Baosteel expects Simandou to mine first cargo by end 2025

reuters10-30

Oct 30 (Reuters) - China's biggest listed steelmaker Baoshan Iron & Steel 600019.SS said on Wednesday that it expected the Simandou iron ore project to complete infrastructure construction and mine its first cargo by the end of 2025.

The Simandou project in southeast Guinea in Africa is set to be the world's largest and highest grade new iron ore mine, key to the green transition in the global steel value chain,

The project will have an annual production capacity of 120 million metric tons.

(Reporting by Amy Lv in Beijing and Farah Master in Hong Kong; Editing by Christian Schmollinger)

((Amy.Lv@thomsonreuters.com;))

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