Page 16 - Simandou News Today

Vast heaps of crushed brown rock hem the Indian Ocean at Western Australia’s Parker Point port—each a stockpile of 200,000 tons of iron ore, ready to be poured into a procession of bulk carriers bound for Asia’s steel mills. Rio Tinto Group, the world’s largest iron ore producer, shipped its first cargo of…

Rio Tinto Ltd (LSE:RIO), Australias largest iron ore exporter, is exploring the possibility of repurposing former mines in the Pilbara region to establish...

Rio, BHP Group Ltd. and Fortescue Metals Group Ltd. produce almost two-thirds of the world’s seaborne iron ore from Western Australia, and margins remain enviable.

(Bloomberg) -- Vast heaps of crushed brown rock hem the Indian Ocean at Western Australia’s Parker Point port — each a stockpile of 200,000 tons of iron ore, ready to be poured into a procession of bulk carriers bound for Asia’s steel mills.Most Read from BloombergCanada Plans College Crackdown Amid Foreign Student TroublesIsrael Enters ‘New Stage’ of War With Gaza Ground FightingIsrael Warns of ‘Long’ War as Invasion of Gaza Strip BeginsEverythin...

Last year, iron ore shipments accounted for about 5% of the countrys gross domestic. But now China is cooling, while steel producers are under pressure to clean up a sector that accounts for at least 7% of global greenhouse gas emissions, a change that will require new methods and higher-quality raw materials.

Guinea’s Simandou range holds the world’s largest known undeveloped reserve of high-grade iron ore, bearing both economic and geopolitical significance for China, as it seeks resource security and less dependence on Australia.

The billionaire businesswoman and her executives are also considering the longer-term as the Pilbara iron ore mine’s life slowly comes to an end.

These companies may not have reached the peak of their investment and expansion efforts

These companies may not have reached the peak of their investment and expansion efforts

With growing concern over the stability of supply chains, China has begun to draft agreements on minerals with countries taking part in global infrastructure strategyUS-led curbs on technology exports have heightened need for alternative supply chains and sources for critical raw materials