TransGuinéen after two years - summary
The Compagnie du TransGuinéen (CTG), a joint venture uniting the Guinean State, Winning Consortium Simandou (WCS), Baowu, Rio Tinto-SimFer, and Chinalco, commemorated its second anniversary on Monday, July 29, and Tuesday, July 30, 2024.
Day One Celebrations
The first day of the vibrant and symbolically rich ceremony took place on Monday, attended by notable dignitaries including:
- Dr. Dansa Kourouma, President of the National Transitional Council (CNT).
- General Amara Camara, Minister Secretary General of the Presidency.
- Mr. Djiba Diakité, Minister Director of the Presidency’s Cabinet and President of the Simandou Strategic Committee.
Senior executives from the partner companies involved in the co-development of the Simandou Megaproject were also present, underscoring the significance of the event.
Industrial Partners' Commitments
In their addresses, representatives from the industrial partners—Winning Consortium Simandou (WCS), Baowu, Rio Tinto-SimFer, and Chinalco—reaffirmed their strong commitment to the realization of the Simandou megaproject. They highlighted the project's transformative potential for the Guinean economy, particularly in terms of:
- Tax revenues: Significant contributions to the national treasury.
- Job creation: Generating employment opportunities for local communities.
- Training: Enhancing the skill sets of the Guinean workforce.
- Infrastructure development: Contributing to the country's infrastructure, including a 650 km railway that will connect agricultural production areas to both national and international markets.
Strategic Vision for Guinea's Future
Mr. Djiba Diakité, the Minister Director of the Office of the Presidency and President of the Simandou Strategic Committee, emphasized that the Simandou megaproject transcends mere mining operations. He articulated that every ton of ore extracted represents a building block for Guinea's prosperous future. This vision involves:
- Inclusive decision-making: Ensuring full participation of Guinea in all strategic decisions.
- Capacity building: Strengthening local capacities and promoting skills development.
- Community empowerment: Empowering surrounding communities and enhancing local content.
- On-site processing: Committing to processing ore locally, thereby fostering a corridor of economic and social development.
The Simandou 2040 Program
The Head of State's initiative, the Simandou 2040 program, aims to decisively position Guinea on the path to emergence. This ambitious program seeks to harness the full potential of the Simandou project, making it a cornerstone of Guinea's economic and social transformation. The program's goals include:
- Sustainable development: Ensuring that the benefits of the project are long-lasting and widely shared.
- Economic diversification: Reducing dependency on mining by fostering other sectors.
- Global competitiveness: Enhancing Guinea's standing in the global market.
Conclusion
The celebration of CTG's second anniversary not only marked a significant milestone but also reinforced the collective vision and commitment of all stakeholders towards a brighter future for Guinea. The Simandou megaproject, with its multifaceted impact, stands as a testament to the transformative power of strategic collaboration and visionary leadership.
