Mass layoffs overshadow Guinea's Simandou mega mine as output accelerates
Guinea's Simandou mega mining project, promoted by the military government, is laying off thousands of workers as it begins exporting iron ore. Employment peaked at over 60,000 jobs in 2024-2025 but will drop to fewer than 15,000. The layoffs raise risks of poverty, social unrest, and accidents. The project is run by Rio Tinto and the Winning Consortium Simandou. The Guinean authorities plan infrastructure projects to absorb displaced workers.
Source: marketscreener The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments