November 12

On November 12, 2025, China’s Vice Premier Liu Guozhong attended the commissioning ceremony of the Simandou iron ore project in Guinea, in his capacity as a special representative of President Xi Jinping.

The mine is 75% Chinese-owned and is expected to produce up to 120 million tonnes per year of high-grade (65% iron) ore, which is particularly valuable for low-carbon “green steel” production.

Baowu Steel Group — the world’s largest steelmaker by output — is a key stakeholder in the project. According to its chairman Hu Wangming, the ore from Simandou will supply both China’s domestic steel industry and global markets, contributing to decarbonization efforts.

Guinean officials, meanwhile, expressed their aim to maintain high global iron ore prices, especially for premium ore, as demand for green steel rises.

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