UBS: China’s Pilbara killer a “material risk”

Via the FT comes the Australian doomsday clock via Simandou:

Fadi Wazni, the chairman of SMB-Winning, the consortium, said it was already “advancing” discussions with partners interested in backing its ambitious plan to build a 110m-tonne-a-year iron ore mine in the west African country at an estimated cost of $15bn. These include China Railway Construction Corporation (CRCC), China’s state-owned railway constructor, and large steel mills.

“I am convinced we can do this,” Mr Wazni said in an interview. “This is a big opportunity for Guinea.”

There are 1098 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.