Yes, some interesting discussion over on LSE."From BaoWu's...

Yes, some interesting discussion over on LSE.

"From BaoWu's perspective, this Congo 'initiative' might be seeking a genuine 2nd source of high-quality African ore.....or just a ploy to force the new Guinean government to stop playing around...The reference to SEZ gas price suggests BaoWu's involvement in a power plant or maybe steel mill...ZIOC yet to make a statement re COIDIC exit."

"The Zanaga plan is to export the iron ore by FDSO (floating port) located either near Pointe Noire or via another more northerly coastal location (which gives a shorter / cheaper route). Using the Pointe Noire route gives the possibility for the supply of ore to a steel plant in the SEZ, and also to supply other materials from the FDSO to the SEZ."

"The China Baowu Company intends to invest outside the Pointe-Noire Special Economic Zone in iron mining."

Plenty of scope.