There is an alarming move by China to deal directly with the Cameroon and Congolese Governments to strip SDL of its Mbalam and Nabeba iron ore deposits.
China will finance and build the mine, railroad and deep sea port. Enabling the production of 40 million tonnes per year of direct shipping iron ore grading at plus 62% fe.
This is for the first 12 years of mine life from Mbalam before benefication from Nabeba will be required.
China wanting to stick it to Australian exports will be able to cease at least 40 million tonnes of Australian iron ore from this one mine !!!
FMG lose 50% export
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Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$25.72 |
Change
0.090 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |