Macquarie are slow. I posted on here years ago of the effect Simandou will have.
The reason Shadang (and others) invested is instruction from the CCP to secure iron ore supply to China.
As I posted years ago, a massive port has been built in Myanmar ready to receive 160,000 shipments from West Africa, then transferred by a rail corridor from the Myanmar port direct to China. The rail corridor and port were part of negotiations gained from a bankrupt Myanmar junta.
As far as pellets go, China has been rapidly increasing their domestic pellet production.
This is not news. It's been happening for years, it's the market conditions Grange is well aware of, that they plan their future by.
As we have already seen with SD, Grange has much patience.
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