The integrated Bankable Feasibility Study will be delivered to the Government of Guinea in May 2016. This world-class Study, which has cost US$150 million to produce, will used by all Project Partners to inform a subsequent investment decision upon securing infrastructure investors, and to establish a project development schedule. Various supporting technical studies, including marine siltation and geotechnical drilling, have contributed essential inputs to the Bankable Feasibility Study.
Dedicated teams located in Guinea, China, the United Kingdom and Australia are working to complete the final Bankable Feasibility Study. Concurrent to this work, discussions with international equity investors and lenders are taking place around the world to meet funding requirements for the Simandou Project infrastructure.
In addition, and pursuant to the Investment Framework, the Government of Guinea is working to deliver a set of State Enabling Activities for Simandou.
The State Enabling Activities are an essential element of the Bankable Feasibility Study, and will directly influence the Project Partners’ ability to raise funding for construction and make a positive investment decision.
These activities focus on ensuring consistent and efficient delivery of all necessary Simandou Project permits, foreign worker visas, customs clearance approvals, and other administrative and regulatory services that will optimise the construction and operations of Simandou.
Successful delivery of the State Enabling Activities will also benefit other major capital investments projects in Guinea in all sectors.