"that would fit in perfectly with SIMEC Mining and Mr Sanjeev Gupta’s stated plan he announced publicly in Whyalla on 10 December 2018 to build a new 10 Mtpa steelworks at Whyalla"
This quote is interesting:
"Liberty Next-Gen Steel’ will be the largest in the Western world, capable of producing 10 million tonnes per year, with the ability and infrastructure to double capacity in time."
Source: https://www.gfgalliance.com/media/s...ionary-next-gen-mega-steel-plant-for-whyalla/
It also reinforces a video presentation I posted a while back where Gupta is discussing what he believes will be the forthcoming demand for steel from India that he thinks will rival what occurred in China. He believes that a bureaucratic, democratic India cannot respond in a timely manner to that demand in the same way an authoritarian China did and he plans to be in a position to fill that demand.
If the real game plan is well over 20 Mtpa of iron ore, then I can't find too many competitors to Grants Iron Ore Basin. He would certainly be loathed to buy that amount of iron ore on market.
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