25/2/2025, 7:38:02 pm

Simandou mine may end or revive Australia’s golden iron ore age: Russell

The Simandou mine in Guinea, set to start production soon, will significantly impact the global iron ore market. Capacity of 120 million tons annually, it will supply 10% of China's iron ore demand, potentially displacing lower-grade ores from Australia and Brazil. High-grade ore from Simandou supports China's decarbonization efforts, while Australia may need to innovate to remain competitive.