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Find all the economic and financial information on our Orishas Direct application to download on Play StoreIn a few weeks, Guinea will export its
first shipments of iron ore. It will officially launch the
production, several decades after the discovery of these deposits in the
south-east of the country.
A titanic mining project promises to propel this
Poor country in West Africa among the largest exporters of iron
global, raising the hope of boosting the country's economy but also
the concern of local populations about the environmental and social impact
of the project.
To open up this region located hundreds of kilometers of Atlantic coastline, 18.5 billion euros were needed investments from industrial partners, the construction of more than 650 kilometers of railways and a port.
The price of iron ore, which is used to manufacture
steel, has exploded since the beginning of the 2000s, boosted by the fever of
Chinese construction.
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