Can Simandou Forge A New Guinean Economy?

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can simandou forge a new guinean economy

Even in Conakry's most polished hotels and ministries, power outages are a daily reminder that a country with ambitions for energy-hungry steel mills still struggles to power basic services. For Guinea's citizens, it is the key question hanging over the Simandou iron project : can the government muster the energy to turn its mineral windfall into the foundation of a modern industrial economy?

"It is not enough to export rocks," says minister of planning Ismal Nab. "The real opportunity is to build industries that endure."

The first step is pelletisation - compressing crushed ore into uniform pellets suitable for direct reduction or smelting. This process reduces impurities and lowers the amount of energy required to make steel.

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