Guinea has approved a significant development deal for the Simandou iron ore project, aiming to start production by 2026, while Russia's Elgaugol advances on a coal export infrastructure project.
Via p;How To Profit From Europe’s $800 Billion Energy Crisis NTC added that work is also underway to construct a 670-kilometer, double-tracked line to Forécariah Prefecture on the Atlantic coast and a deep-water port at that site. Currently, it seems p;2 Companies That Could Help Europe Win Its Energy War With Russia he Elga coal deposit is located in the southeastern part of the Sakha Republic and is one of the largest untapped coal deposits in the world.
Elga Port Impact on Global Trade Information on Elgaugol’s website also indicated that the Elga open-pit coal mine has up to 2.2 billion metric tonnes of JORC-compliant resources. It also achieved annual production of 45 million metric tonnes in 2023. The site likewise noted that steelmakers in the APAC region are the primary end users of Elgaugol’s coal.
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