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The Simandou project is imminently due to become the world’s largest greenfield mining project and the largest ever undertaken on the African continent. This once-in-a-generation megaproject will not only place Guinea on the world stage as a top global producer of high-quality, low impurity iron ore, it will also set a new benchmark for large scale project development throughout the region.
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Simandou partners launch plan to restore livelihoods in Forécariah

June 2, 2025

Approach will provide sustainable support for fishing communities affected by the Simandou port project

Forécariah, Republic of Guinea – The Simandou Industrial Partners – SimFer, the joint venture between the Government of the Republic of Guinea, Rio Tinto and the Chinalco-led CIOH consortium, and Winning Consortium Simandou, Announced on May 28, 2025 the launch of a Livelihood Restoration Plan (LRP) to mitigate the impacts of the Morebaya port project on local fishing communities. This plan, valued at more than $14 million, will create long-term, sustainable economic opportunities for local communities and will be implemented jointly with Winning Consortium Simandou (WCS).

The SimFer and WCS teams have carried out extensive consultations with stakeholders in advance of the programme’s launch through local fisheries advisory committees set up to ensure that the planned restoration measures meet the needs and priorities of the communities.

SimFer and WCS have previously distributed a transitional allowance to those affected to support their livelihoods in the short term. Support is also being provided through the distribution of fishing equipment and training in sustainable fishing practices.

In the long term, major investments will be made to improve fishing infrastructure, including the repair of access roads to fishing ports to help improve access to markets, the construction of community smoking ovens and ice storage facilities.

Candace Ramcharan, SimFer’s Community and Social Performance General Manager, said: “We are committed to restoring livelihoods in impacted communities by creating tangible, long-term and sustainable economic opportunities. Our restoration activities are designed in consultation and collaboration with all relevant stakeholders to ensure that they are adapted to the needs and priorities of the beneficiary communities.”

Mr. Huang Lipei, General Manager of the Port for Winning Consortium Simandou said: “The purpose of the Simandou Project is not only to restore local livelihoods, but also to foster local economic development and contribute to Guinea’s overall economic take-off.”

In 2024, SimFer invested nearly 6.5 million dollars in the port, rail and mine in the communities neighboring our operations.