After 27 years, the largest iron ore project is restarting. Why does it need China's consent?

After 27 years of delay, the world's largest iron ore project in Guinea is set to restart, with Rio Tinto investing $6.2 billion. Despite this, the project still requires China's approval due to significant Chinese investment and involvement. The project includes minerals, railways, and port construction. China, which consumes 1.36 billion tons of iron ore annually, holds substantial stakes through various Chinese companies. The project's total cost is $20 billion, with an expected annual output of 60 million tons by 2028.
#Bauxite#Mining#ResourceSupply

[FOONGWK]

China great, always help in development n in win win.👍

[dennyli]

High quality iron ore, with relatively easy access to port....

[brianhong]

Just make sure Guinea gets her fair share !@#$

[MASMIWA]

China continues to invest in minerals and energy resources. Where is the US?

[ericgan]

Make sure the citizens of Guinea get a fair share of ifs profits.

[Nsibidiimohtep-pfgh]

They need to build a railway from guinea to sudan bcos that shall make for More trades across from the Atlantic to the Red Sea into the Pacific Ocean

[hyacinthjarrett]

Africa must be the world leader in mining but what exactly part do they play. They are nothing more than small fish in a big pond. Come on. We need more TRIO PLUS to take charge. Get your expert geogolist to give a hand on your behalf.

[OLEANYAH]

AFTER 27 YEARS, I CAN WAIT FOR BETTER PARTNERS, AND FOR BETTER DEALS!!!
YAHSHUA YAH/GOD 🙏 ALMIGHTY THE BLACK MESSIAH ! THE 2ND COMING ! THE KING 👑 OF " AU/UBAK🇱🇾 " ( UNITED BLACK AFRICAN KINGDOM )/ " UBAF " ( UNITED BLACK AFRICAN FORCE ) ! ! !