Meaning of Simandou | Babel Free

Definitions

A hill range in Guinée forestière, southeastern Guinea. A large iron ore deposit here has been developed into a mining area in the 21st century.

Examples

“[…] understanding on setting up a joint venture to exploit the iron⟳ ore in Simandou in the south-east of Guinea. The project includes both a mine and rail and port infrastructure. Under this agreement, Chinalco will hold⟳ 47 per cent of the shares for an input of US$1.35 billion; the International Finance Corporation (World Bank Group) 5 per cent; and Rio Tinto the remainder. It would appear⟳ that Rio Tinto has already invested over US$600 million in this project. Once it begins to operate⟳, the […]”

“Underneath a ridge in the southern highlands of Guinea, a west African country of 14m people, lies one of the world’s biggest deposits of iron⟳ ore. Mining of the 3bn-tonne deposit⟳, which would be worth some $315bn at current market prices, has been on hold⟳ for nearly 30 years. On December 3rd the first batch of ore at last⟳ left the country’s shores, on a ship bound for steel mills in China. Simandou, as the mine is known, has the potential to shake⟳ up the global iron-ore market by shifting dominance from Australia to China, which owns a big stake in the project. It could prove⟳ transformative for Guinea, which wants to use⟳ the revenue to overhaul everything from roads to education. Most immediately, it bolsters the country’s military junta and its leader […]”

CEFR level