Simandou may drive Australian iron ore volumes higher

The former BHP iron ore executive leading a new iron ore project in Guinea’s Simandou mountains says the emerging province is “no enemy” to Australian miners and may perversely help to bring more low-grade Australian ore into the market.

Simandou is one of several African iron ore projects that could add to a wave of supply bound for the market this decade, as the big incumbents in Australia and Brazil push ahead with their own volume growth despite the fact they believe Simandou is a “near certainty” to come to fruition after decades of delay.