Guinea launches $20bn China-backed iron mine amid price slump
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Guinea launches $20bn China-backed iron mine amid price slump
STORY: Guinea inaugurated its giant, $20 billion Simandou project on Tuesday. The launch is a turning point for one of the world's richest, untapped iron ore deposits and for junta-led Guinea's ambition to become a key player in the global green steel market. However, a key issue for the long-delayed mine is prices. Output, expected to ...
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