According to the Guinea website, in June this year, Guinea is expected to enter the ranks of iron ore production and export countries. Officials from the Ministry of Geology and Minerals revealed that the Yongbéry iron ore mine in Fregaria, developed by Australia's Belzon Mining Company, is about to go into production. The ore deposit is rich in iron ore reserves, with an estimated reserve of 25 million tons. Three months later, the mine will be put into production and exported through the Conta Temporary Terminal. After the completion of the renovation of the terminal, a temporary port will be completed in May; the road project connecting the mining area and the port has been completed, and the transportation uses a hundred tons of heavy trucks. The annual output of iron ore is expected to be about 6 million tons, and the mining period is more than ten years. After the completion of the Matakang Deepwater Port, Belzon Mining will use the deep water port and deliver the Conta temporary port to the Guinean government. Problems in the project: Beierzon Mining Company has not yet obtained the mining license to obtain the key to open the wealth gate. The Ministry of Geology and Minerals asked Belson to submit an environmental assessment report issued by an internationally renowned institution. It is said that the Belzon Mining Company and the Hong Kong China Fund Corporation have jointly established a joint venture to develop the above project. The company also owns the Kalia iron ore mine with reserves of approximately 13 billion tons in several Farana areas. The mine is planned to be mined in 2013.
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