West Africa Seen Driving Growth as Ore and Coal Exports Double
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Higher exports of iron ore from West Africa will help world shipments of the steelmaking raw material and coal to about double by 2017, DNB Bank ASA said.
Total African ore deliveries will almost quadruple from last year, the Oslo-based bank said in a report e-mailed today. Projects in Sierra Leone, Guinea and Cameroon will drive increases, it said. Global exports of ore and coal will be 3.48 billion metric tons in 2017, compared with 1.76 billion tons last year, according to the report.