Stockhead: And now to something at the junior end

It’s been a generally quiet time for iron ore juniors over the past year or so, with the drop in iron ore prices in the second half making a big dent in the number of small caps actively spruiking projects in the space.

But African iron ore has been a hot ticket this year, with growing momentum around the Simandou development followed by news Andrew Forrest’s Fortescue Metals Group (ASX:FMG) plans to begin a US$200 million, 2Mtpa starter mine at the Belinga iron ore operation in Gabon this year.

Also in Gabon, junior Genmin (ASX:GEN) is planning to begin a small scale 5Mtpa development in mid-2024 at its Baniaka project.

It has taken another step forward, inking a 15-year bulk logistics agreement with Owendo Mineral Port for a mine to port solution using existing and operating infrastructure.

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