SMB obtains blocks 1 and 2 at Simandou: China Railway vying for the Trans-Guinean
As reported by Jeune Afrique Business+ on 22 October, China Railway Construction Corp (CRCC) is expected to build the Trans-Guinean railway for Société minière de Boké (SMB). The latter has recently won the tender to develop blocks 1 and 2 at the Mount Simandou iron ore deposit.
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▪ SMB obtains blocks 1 and 2 at Simandou: China Railway vying for the Trans-Guinean
▪ As reported by Jeune Afrique Business+ on 22 October, China Railway Construction Corp (CRCC) is expected to build the Trans-Guinean railway for Société minière de Boké (SMB). The latter has recently won the tender to develop blocks 1 and 2 at the Mount Simandou iron ore deposit.
▪ https://www.africabusinessplus.com/en/800381/smb-obtains-blocks-1-and-2-at-simandou-china-railway-vying-for-the-trans-guinean/
A reliable source has confirmed that, as expected, management is looking to CRCC for the Trans-Guinean railway. It is quite simply the “most straightforward and logical solution for SMB which has already teamed up with CRCC for the construction of its existing 100-kilometre railway project.” Negotiations between the two partners will now focus on the price demanded by the Chinese behemoth for the development which will open up Guinea’s hinterland.
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