The Mount Simandou project in Guinea is seeing a turnover in its management and partnerships. Notably, Baowu Steel is expanding its team significantly. Bouna Sylla’s appointment is critical as he works to stabilize the ministry, and international firms are positioning themselves for contracts related to the new railway while awaiting further financial commitments from partners like Chinalco and discussions involving Rio Tinto.
The Mount Simandou iron ore megaproject in Guinea faces a dynamic landscape, particularly following the ousting of French firms Egis and Setec. In response, Baowu Steel has bolstered its workforce on the project with around 150 personnel from China, illustrating a strategic shift in resources.
Recently appointed Bouna Sylla is becoming an essential figure in the iron ore project. His reputation as a skilled negotiator and connections within government will be pivotal as he navigates the current turmoil within the ministry.
Both a Chinese firm and a US company are vying for a significant contract involving signaling and locomotives for the upcoming Trans-Guinean railway. Additionally, the renowned French company Alstom is also observing the developments closely, indicating a competitive environment.
The UK-Australian corporation is currently engaged in selecting subcontractors and negotiating iron prices with Chinese purchasers, while it anticipates its partner Chinalco’s financial backing for the project’s progress, ideally expected by March. Furthermore, Rio Tinto has initiated discussions with the ruling Guinean junta regarding its involvement.
The Mount Simandou project is undergoing significant changes with the departure of French firms and an influx of new players. Bouna Sylla’s leadership will be crucial for stabilizing governmental interactions, while various international firms position themselves to capitalize on the evolving landscape. The project’s future hinges on the financial commitments and negotiations currently underway.
Original Source: www.africaintelligence.com
