Halt in Operations at Guinea Iron Ore Mine Following Fatal Incident

A mining consortium in Guinea, known as Winning Consortium Simandou, has halted operations at its Kerouane site following a tragic incident that resulted in the death of three foreign workers. The company activated emergency protocols and medical teams were dispatched to the scene. The cause of the accident was not disclosed, but the company stated that operations were paused to conduct a thorough safety review. Winning Consortium Simandou, which owns part of the massive Simandou iron ore project, plans to export its first iron ore shipment next month alongside another joint venture comprised of Rio Tinto Plc and Aluminum Corp. of China. These ventures aim to increase their total output to 120 million tons annually. The Guinean government hopes to leverage the mining project to uplift its economy. The consortium did not specify if the shutdown would impact the shipment timeline, but operations will resume once safety measures are assured. This suspension follows a previous incident at Rio's mine earlier in the year. Winning Consortium Simandou has investors from China and Singapore, including the world's largest steel producer, China Baowu Steel Group Corp Ltd. The Guinean government holds a minority share in both consortiums.