They started boring tunnels and laying down tracks in April (6 months ago). The news is even in Metal Bulletin in English. The local Guinean news sites even show photos of the construction crew, diggers, big boulder trucks and Caterpillars.
To China, the Capex would amount to a sneeze. In the month of August alone, they spent $US 20 billion on iron ore imports. Yes, in a single month.
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