The largest iron deposits in the world, a mineral of exceptional quality from landlocked mines is in the heart of the Guinean forest. They require colossal investments, with historic benefits expected for Guinea

Simandou, which houses some 8 billion tons of iron ore in its soil, has gone through numerous vicissitudes, industrial hesitations, legal obstacles, legal obstacles, political upheavals and corruption. According to Arnaud de Rugy, Africa Director of Egis, “Simandou is the project of all superlatives.” According to Facinet Sylla, the Minister of Budget in an opinion piece at Financial Afrika, “April 2 marked a decisive turning point in the implementation of this gigantic project, with the signing of some thirty documents relating to financial closure. Now it is irreversible.” This extraordinary project, which aims to produce 120 million tons per year, poses key challenges for the country. Simandou iron is crucial for mining giants because “it makes it possible to decarbonize the steel industry” according to Lawrence Dechambenoit, external affairs manager at Rio Tinto. The cost is estimated at 20 billion dollars spread over the period 2023-2025, including 15 billion for infrastructure, equivalent to Guinea's GDP