Africa exporting iron ore - Hahahahahahaha...

Africa exporting iron ore - Hahahahahahaha !!!!!!!!!!!!!!!!!!!!!!

Michael Shoebridge, the Director ofDefence, Strategy and National Security at the Australian Strategic PolicyInstitute, told news.com.au theproject has been hit by multiple delays already, and that it was supposed to beonline way back in 2015.

“If it does go into production, itsscale and output is a fraction of Australian supply and a fraction of Chinesedemand. It’s more likely to displace smaller, higher cost suppliers thanAustralia’s,” he said.

“And it’s a riskier, more difficult,sovereign risk and production environment, which will drive costs higher.”

He said Australian producers shouldbe “alert but not alarmed” by what is happening in Guinea.

“They should also proceed with smartdiversification away from the single China market as rapidly as possible,” hesaid.

“Even without the growing risks fromBeijing, Australia needs our ore producers to diversify to clean steel aspressure grows to reduce industrial emissions from steelmaking anyway.”

Iron ore market expert and Magnetite Mines director Mark Eames told * bringing Simandou into productionwould be more complicated than many analysts believed.

He was involved on project development in Africa with Xstrata andGlencore and warned the history of African iron ore developments showed itwould be no easy task to bring it online by 2025.

“Even if you could get through all of this mess of corruption, governmentrelations, history and even if it proved to be economic, and the last designRio did proved not to be economic, you’ve still got 8-10 years even if it’sphysically possible for all of that ore to reach market,” he told *.

“And even after all of that you’ve got in the order of 60-70 milliontonnes, which is not going to move the dial.

“In my opinion, the people who talk about Simandou have absolutely noidea of the practical challenges or the real issues involved in developing thatresource.”