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Africa News: China Nears OK on Guinea's

05-03-2020  China is close to giving the go-ahead for some of its biggest state-owned companies to develop the giant Simandou iron ore mine in Guinea, potentially paving

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China's African iron ore adventure will be filler, not

03-09-2020  Guinea's rapid emergence as China's biggest supplier of bauxite – a commodity mined and transported in a similar ''bulk'' method to iron ore – has stoked fears the African nation could do the ...

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Guinea set to supply iron ore from 2026 Hellenic ...

First, all of Guinea’s iron ore supply will be shipped to China. Second, Guinea’s combined annual iron ore production from block 1-4 will be 120 million tonnes (phase 1) in 2026 and will ...

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Cover Story: Stalled Guinea Project Highlights

25-08-2020  Cover Story: Stalled Guinea Project Highlights China's Struggle to Reforge Iron Ore Supply Chain - Chinese investors led by Baowu hope to save billions of dollars by reviving long-dormant Simandou project in Guinea but face billions in infrastructure costs and high risk of plunging prices

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China to Approve Developing Guinea’s Giant

March 05 2020, 9:28 AM March 06 2020, 5:20 PM. (Bloomberg) --. China is close to giving the go-ahead for some of its biggest state-owned companies to develop the giant Simandou iron ore mine in Guinea, potentially paving the way for the project to be built after years of legal wrangling.

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China-Backed Effort to Create World’s Largest Iron

25-11-2020  The Simandou project in the West African state of Guinea holds the the world’s largest known untapped reserve of iron ore. Efforts to develop the world’s largest known untapped iron ore reserve in West Africa have stalled once more, with a top engineering consultant on the project telling Caixin the Chinese-Singaporean consortium that bought into the Simandou project in June has not ...

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China-backed consortium wins $14bn Guinea iron

13-11-2019  China-backed consortium wins $14bn Guinea iron ore deal. Investors in the relatively little-known SMB-Winning consortium include Chinese aluminium producer Shandong Weiqiao.

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Could China replace Australian iron ore with metal

02-12-2020  But iron ore remains essential to China’s development. The nation consumes about 1bn tonnes of iron ore a year, a little over 60% of which comes from Australia. Brazil is the second-largest ...

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China consortium wins rights to develop Guinea

The China-backed consortium that has secured rights to develop half of the huge Simandou iron ore deposit in Guinea expects to produce its first tonnes of the steelmaking ingredient in five years...

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Guinea's iron ore reserves could reshape the

In 2019, China imported more than 1 billion tons of iron ore, 70% of the global supply and 80% of the country’s total demand. About 80% of China’s iron ore imports come from the four largest mining companies — Brazil’s Vale S.A. and Australia-based Rio Tinto, BHP

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China-Backed Effort to Create World’s Largest Iron

25-11-2020  The Simandou project in the West African state of Guinea holds the the world’s largest known untapped reserve of iron ore. Efforts to develop the world’s largest known untapped iron ore reserve in West Africa have stalled once more, with a top engineering consultant on the project telling Caixin the Chinese-Singaporean consortium that bought into the Simandou project in June has not ...

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With China all over Guinean bauxite and iron ore ...

With China all over Guinean bauxite and iron ore, investors target Sierra Leone Congestion around Guinea's mines and fears of political unrest have prompted certain companies to explore neighbouring Sierra Leone, whose resources are as yet largely undeveloped.

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China-backed consortium wins $14bn Guinea iron

13-11-2019  China-backed consortium wins $14bn Guinea iron ore deal. Investors in the relatively little-known SMB-Winning consortium include Chinese aluminium producer Shandong Weiqiao.

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Guinea to partner with China-backed consortium

The Republic of Guinea has selected a China-backed consortium to develop blocks 1 and 2 of the Simandou deposit, which holds estimated reserves of more than 2 billion tonnes of high-grade iron ore. The SMB-Winning consortium includes Singapore-based owner Winning Shipping, Chinese aluminum producer Shandong Weiqiao, China’s Yantai Port Group, and Guinea-based transport and logistics

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China's opportunities and risks in Africa's giant

In 2019, China imported more than 1 billion tons of iron ore, 70% of the global supply and 80% of the country's total demand. About 80% of China's iron ore imports come from the four largest ...

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China’s approval of the Guinea iron ore project

China is making arrangements to grant approval for some of its biggest state-owned companies to develop the Simandou iron ore mine in the Republic of Guinea. This is coming as a result of a push by State-owned Assets Supervision and Administration Commission (SASAC) for

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China-backed JV set to start work at Simandou

China is close to granting approval to some of its biggest state-owned companies to start developing the northern area of Simandou in Guinea, one of the world’s largest untapped iron ore ...

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Could China replace Australian iron ore with metal

02-12-2020  The warning that China could turn to Africa to bypass Australian iron ore has in the past come from the country’s most hawkish English-language outlet, the Global Times, which has in

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China-backed JV to develop giant Simandou

A China-backed joint venture between Guinea’s Societe Miniere de Boke (SMB) and Singapore’s Winning International Group scored a big win in the iron ore world after securing on Wednesday ...

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Guinea's Nimba iron ore project gets green

Guinea and Liberia signed a deal on Friday to allow several mines in Guinea, including the giant Nimba iron ore project, to export through Liberia, officials from the West African countries said.

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Guinea to partner with China-backed consortium

The Republic of Guinea has selected a China-backed consortium to develop blocks 1 and 2 of the Simandou deposit, which holds estimated reserves of more than 2 billion tonnes of high-grade iron ore. The SMB-Winning consortium includes Singapore-based owner Winning Shipping, Chinese aluminum producer Shandong Weiqiao, China’s Yantai Port Group, and Guinea

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China poised to approve Guinea’s huge Simandou

China poised to approve Guinea’s huge Simandou iron ore development The re-emergence of Simandou has spooked executives at the top iron ore miners 05 March 2020 - 17:46 Thomas Biesheuvel

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Stalled Guinea Project Highlights China’s Struggle

In 2019, China imported more than 1 billion tons of iron ore, 70% of the global supply and 80% of the country’s total demand. About 80% of China’s iron ore imports come from the four largest mining companies — Brazil’s Vale S.A. and Australia-based Rio

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With China all over Guinean bauxite and iron ore ...

With China all over Guinean bauxite and iron ore, investors target Sierra Leone Congestion around Guinea's mines and fears of political unrest have prompted certain companies to explore neighbouring Sierra Leone, whose resources are as yet largely undeveloped.

More

China’s approval of the Guinea iron ore project

China is making arrangements to grant approval for some of its biggest state-owned companies to develop the Simandou iron ore mine in the Republic of Guinea. This is coming as a result of a push by State-owned Assets Supervision and Administration Commission (SASAC) for

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China's opportunities and risks in Africa's giant

In 2019, a $30 price rise for a ton of iron ore cost Chinese steel mills an additional $30 billion, more than the 189 billion yuan ($27.4 billion) of net profit posted by the country's entire ...

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China's demand for Australian iron ore set to

28-01-2021  Australia's iron ore exports to China are expected to crash in coming years - and it has nothing to do with the trade war.. The commodity used to make steel is by far Australia's biggest export ...

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Analysis: China's iron ore production seek

China's domestic iron ore prices followed suit, touching a five-year high of Yuan 960/mt ($136/mt) in early August. Mining sources said production costs for most Chinese iron ore producers were around $90/mt on a 62% Fe basis. The most efficient miners can produce at $60/mt, but many typically only lift rates when prices rise above $100/mt CFR.

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Guinea's Nimba iron ore project gets green

The “Transguineen” railway is to be built by the eventual owner of the much larger Simandou iron ore project, which the government insists must export through a Guinean port. Fortescue and SMB ...

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Simandou mine - Wikipedia

The Simandou mine is a large iron mine located in the Simandou mountain range of southern Guinea's Nzérékoré Region.Simandou represents one of the largest iron ore reserves in Guinea and in the world, having estimated reserves of 2.4 billion tonnes of ore grading 65% iron metal.. The Pic de Fon and Ouéléba iron deposits are located approximately 4 km from one another at the southern end ...

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China poised to approve Guinea’s huge Simandou

China poised to approve Guinea’s huge Simandou iron ore development The re-emergence of Simandou has spooked executives at the top iron ore miners 05 March 2020 - 17:46 Thomas Biesheuvel

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China-backed consortium wins $14 billion Guinea

A consortium representing Chinese, French and Singaporean interests won a $14 billion tender to develop part of Guinea's Simandou iron ore project, sources familiar with the talks told Reuters ...

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China’s approval of the Guinea iron ore project

China is making arrangements to grant approval for some of its biggest state-owned companies to develop the Simandou iron ore mine in the Republic of Guinea. This is coming as a result of a push by State-owned Assets Supervision and Administration Commission (SASAC) for

More

With China all over Guinean bauxite and iron ore ...

With China all over Guinean bauxite and iron ore, investors target Sierra Leone Congestion around Guinea's mines and fears of political unrest have prompted certain companies to explore neighbouring Sierra Leone, whose resources are as yet largely undeveloped.

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Simandou Iron Ore Deposit, Republic of Guinea,

The Simandou iron ore project involves the construction of a 650km-long railway in Guinea. Image courtesy of Ministry of Mines and Geology, Republic of Guinea. SMB-Winning has agreed to build 650km of railroad and a deep-water port in Guinea as part of an

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China’s iron ore hunger should support dry bulk

China’s 2020 imports included a sharp jump in its share of exports from Brazil, the world’s second-largest iron ore producer. It received 72pc of Brazil’s exports in 2020, up from 62pc in 2019. This raised the tonne-mile contribution of Brazilian iron ore to the global dry bulk market, because China is essentially the longest possible journey from the country.

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Beny Steinmetz ends iron ore dispute with

Israeli tycoon Beny Steinmetz has ended his bitter dispute with the government of Guinea over the rights to one of the world’s largest untapped reserves of iron ore, the key ingredient needed to ...

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Guinea Iron Ore Limited (GIO) Guinea Iron Ore

GIO is exploring 3 high-grade iron ore properties totalling 2,000 km² in the Republic of Guinea. mineral wealth Potentially Africa's richest countries. The Republic of Guinea is a leading producer of bauxite, rough diamonds, cement, gold and salt.

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China’s iron ore play could cut prices Daily

business; China’s iron ore play could cut prices. Fresh warning bells sound that China is getting serious about trying to cut its reliance on Australia’s Pilbara region.

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Simandou mine - Wikipedia

The Simandou mine is a large iron mine located in the Simandou mountain range of southern Guinea's Nzérékoré Region.Simandou represents one of the largest iron ore reserves in Guinea and in the world, having estimated reserves of 2.4 billion tonnes of ore grading 65% iron metal.. The Pic de Fon and Ouéléba iron deposits are located approximately 4 km from one another at the southern end ...

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