Stay updated with breaking news from Bao Consortium. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
China Baowu Steel Group (Baowu) has raked in CNY10bn ($1.4bn) through a bond issue, a major chunk of which will be used to fund the Simandou iron ore project in Guinea, according to a Reuters report.
Rio Tinto’s Guinea unit has signed non-binding term sheet with China Baowu Steel Group (Baowu) to build infrastructure for the Simandou mine.
Rio Tinto's Guinea unit has agreed terms with joint venture partners including China's Baowu on developing infrastructure for the huge Simandou iron ore mine, the next step towards building a project... | January 4, 2023
Guinea's government requires any developer to build a 600-km railway to the coast.