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Rejected China locomotives cast shadow on milestone for Guinea’s Simandou mine (www.scmp.com)

submitted 3 months ago by rss@news.abolish.capital to c/china@news.abolish.capital

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The first shipment of iron ore from Guinea’s US$20 billion Simandou mine will be flagged off with the project’s inauguration on Tuesday, a development that is set to reshape global supply and pricing once commercial exports reach full capacity. Most of the steelmaking resource extracted from Simandou – the world’s largest known undeveloped reserve of high-grade iron ore – is expected to go to China, given the heavy investments by Chinese firms in the project. However, as railway and port...

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