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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