Gina was quoted saying this back in 2012 ""Business as usual will not do, not when West African competitors can offer our biggest customers an average capital cost for a tonne of iron ore that's $100 under the price offered by an emerging producer in the Pilbara"
https://www.abc.net.au/news/2012-09-05/rinehart-says-aussie-workers-overpaid-unproductive/4243866
It's also worth noting that pollution levels have been off-the-scale in China hence the strong price for 62%+grades. The Chinese steelmaking industry reportedly accounts for 15% of all the country’s emissions.
Your last quote "Hopefully, Congo relents and hand back the mining permits to the 3 companies to attract some heavy duty backing from the PRC for immediate development."
Sangha promised $10B. And that Signing Ceremony - staged? That's a huge investment, especially from a Ghost, but as you say regional possibility of 420MTA of volume - not including Zanaga. Pilbara killer indeed. WARNING AUSTRALIA. Zanaga sits next door in the ROC and has 6.8 billion tonnes of ore grading 32% iron metal.
It's worth searching the 'Zanaga Iron Share Chat' on London South East (www.lse.co.uk) which abounds with rumours of Glencore selling and Chinese development.
Package deal indeed!
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