China to Approve Developing Guinea’s Giant Simandou Iron Ore Mine
- SASAC is said to be pushing development of the Guinean mine
- Simandou is the world’s richest untapped iron ore deposit
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China is close to giving the go-ahead for some of its biggest state-owned companies to develop the giant Simandou iron ore mine in Guinea, potentially paving the way for the project to be built after years of legal wrangling.