CaixinChina's opportunities and risks in Africa's giant iron ore field
Guinea region holds world's largest untapped reserves but lacks infrastructure
Mist shrouds the Simandou mountains in Guinea, a region that holds untapped reserves of iron ore. © Reuters
LUO GUOPING and HAN WEI, Caixin
August 26, 2020 22:21 JST
Simandou, a 110-kilometer range of hills deep in the hinterland of Guinea in Western Africa, boasts the world's largest untapped iron ore reserves. They could reshape the global supply chain of the critical ingredient of steel, the world's second-most traded commodity behind crude oil.