China-backed consortium in $14 billion Guinea iron ore deal
The Société Minière de Boké – Winning consortium offered $14 billion to win a tender to develop part of Guinea’s Simandou iron ore project, edging out Australia’s Fortescue, sources familiar with the talks told Reuters. The consortium – representing Chinese, French, Singaporean and Guinean interests – has committed to developing blocks 1 and 2 of …
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