News Industry

Nimba Iron Project Advances in Guinea Despite Environmental Risks

Nimba Iron Project Advances in Guinea Despite Environmental Risks
Monday, 27 October 2025 05:48
  • Ivanhoe Atlantic finished environmental and social impact studies for its Kon Kweni iron ore project.
  • NGOs warn the mine threatens a UNESCO World Heritage biosphere home to critically endangered West African chimpanzees.
  • Ivanhoe targets first production in 2027 and aims to secure permits by early 2026.

US mining company Ivanhoe Atlantic said on Thursday, October 23, that it completed the environmental and social impact studies (ESIA) for its Kon Kweni iron ore project. The company has not yet published results. Previous reports raised concerns over developing a mine inside a UNESCO World Heritage biosphere reserve.

Ivanhoe Atlantic conducted the ESIA for the project’s first phase. The company targets initial production of 2 million tonnes of high-grade iron ore per year and plans to expand to 5 million tonnes per year. It said it assessed risks and identified mitigation measures “to avoid, reduce and restore any potential impacts deriving from the development.”

Authorities must now review the ESIA before granting permits. NGOs already argue that the proposed measures remain insufficient. Formerly called the “Nimba Iron Ore Mine,” Kon Kweni lies in Guinea Forestière, in the country’s southeast. The area includes Mount Nimba, whose dense forest hosts the critically endangered West African chimpanzee. UNESCO listed the reserve as a World Heritage site in danger in 1992 due to mining threats.

“Guinea only has one World Heritage Site but many iron ore mining permits […] Mining companies have not demonstrated that mitigation measures effectively reduce their impacts on biodiversity. Most mining damage is essentially permanent,” said Genevieve Campbell, a member of an International Union for Conservation of Nature (IUCN) task force.

Business Versus Biodiversity

Campbell and several environmental groups signed a letter in July 2025. They urged Guinea’s government to enforce a renewable five-year moratorium on all mining activities, including exploration, inside the Nimba biosphere reserve. They said the pause would allow a deeper assessment of biodiversity risks and the completion of a long-term management plan.

Authorities have confronted similar tensions before. In 2021, Australian miner Predictive Discovery found a major gold deposit at Bankan, inside a buffer zone of Guinea’s Haut Niger National Park. A June 2025 feasibility study said Bankan could deliver around 250,000 ounces per year for more than 12 years. At current gold prices, that output exceeds $1 billion in annual value.

Despite concerns about impacts on wildlife, authorities granted an environmental permit. Predictive said in January 2025 that the permit bans mining activity inside the park’s buffer zone.

Ivanhoe Atlantic expects a government decision on Nimba soon. It aims to begin mine construction in Q1 2026 and start production in 2027. The company would launch operations roughly two years after Simandou, Guinea’s giant iron ore project with targeted output of 120 million tonnes per year starting at the end of 2025.

This article was initially published in French by Emiliano Tossou 

Adapted in English by Ange Jason Quenum

 

On the same topic
Nigeria plans to reconnect the ALSCON aluminium smelter to the national grid and complete its 330 KVa substation soon. The $1.2 billion...
Oppo invests $50 million in a new smartphone factory employing ~2,000 workers. Egypt enforces import taxes and digital customs tools to push...
Global Atomic raised CAD 37 million on Toronto Stock Exchange to fund the Dasa uranium project. The company still seeks bank financing covering 60% of...
Ivanhoe Atlantic finished environmental and social impact studies for its Kon Kweni iron ore project. NGOs warn the mine threatens a UNESCO World...
Most Read
01

Drones to aid soil health, pest control, and input efficiency High costs, skills gap challenge ac...

Kenya Plans National Drone Rollout to Modernize Farming
02

TotalEnergies, Perenco, and Assala Energy account for over 80% of Gabon’s oil production, estimate...

Gabon Seeks Foreign Partners to Revive Declining Oil Sector
03

IMF cuts WAEMU 2025 growth forecast to 5.9% Strong demand, services, and construction support...

IMF Lowers WAEMU Bloc’s Growth Forecast to 5.9% for 2025, Benin Now Leading
04

Diaspora sent $990M to CEMAC via mobile money in 2023 Europe led transfers; Cameroon dominat...

Mobile Money Transfers to CEMAC Near $1B in 2023
05

BYD to install 200-300 EV chargers in South Africa by 2026 Fast-charging stations powered by grid...

China's BYD Plans 300-Station EV Charging Network for South Africa
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.