Guinea

Ivanhoe Atlantic brings to life a project that offers one of the highest-grade undeveloped iron ore deposits in the world.

Kon Kweni Iron Ore Project is a shovel-ready world-class deposit featuring a total resource of 751.9 million tonnes of Direct Ship Ore (DSO), of which 209 million tonnes is high-grade ore @ 67.8% Fe.

With a ratified Mining Convention and mining permit in place Ivanhoe Atlantic is finalizing all approvals to commence construction in 2025.

Kon Kweni is 85% owned by Société des Mines de Fer de Guinée (SMFG), a subsidiary of Ivanhoe Atlantic Inc., 10% Government of Guinea (GoG) and 5% Mifergui.

  • Development Plan

Ivanhoe Atlantic benefits from a 2021 ratified bilateral Implementation Agreement between the governments of Liberia and Guinea to evacuate iron ore mined in Guinea through Liberia.

Phase 1
Kon Kweni Phase 1 will start at 2mtpa with scope to ramp up to 5mtpa.

Phase 2
Phase 2 will deliver a large scale, long life, globally significant operation, producing 25-30mtpa.

Phase 3
Establishing the Lola Processing Hub reflects the expansion of many regional opportunities, including developing a processing and innovations centre in the Lola district.