China’s Pilbara killer scheduled for 2025

Wednesday, 27 November 2019

Just in time for China going ex-growth, via Platts:

Chinese-backed mining, metals and logistics consortium SMB-Winning is seeking equity partners to participate inthe development of Guinea’s Simandou Blocks 1&2 iron ore deposit, Societe Miniere de Boke chairman Fadi Wazni said.

It plans to produce 60 million mt/year of high grade ore in a first phase by 2026, potentially rising to 110 million mt/year at a later date.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.