NEW YORK & CONAKRY, Republic of Guinea -Thursday 11 November 2021 [ AETOS Wire ]
Study confirms the viability of developing Nimba’s world class high-grade, low impurity, direct shipping ore deposit
Feasibility study expected to be completed in early 2023
(BUSINESS WIRE)-- Guy de Selliers, Chairman of Société des Mines de Fer de Guinée (SMFG) and Mamady Youla, CEO of SMFG, announced today the positive findings of its Pre-Feasibility Study for the Nimba Iron Ore Project in Guinea (2021 PFS). SMFG is an 85% owned subsidiary of High Power Exploration (HPX).
The 2021 PFS was led by independent engineering firm Hatch Ltd of Toronto, Canada and evaluated the development of a mine, rail and port infrastructure to export up to 30 million tonnes per annum (Mtpa) of direct shipping ore via rail from the Nimba project site in Guinea through Liberia to the Buchanan Port. The Hatch led team included SRK Consulting (UK) Limited, Fluor Corporation, Golder A
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