Tag Archives: iron ore

Could Guinea’s junta sink China’s plans to wean itself off Australian iron ore?

When Guinea’s military toppled president Alpha Condé in a coup on September 5, it assured mining companies that they would be allowed to continue their activities.The military junta promised that “existing regulations, contracts and investments will be respected”.But then last week the junta suspended operations at the Simandou iron ore …

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Qingdao probe sees China urge iron ore traders to reduce inventory, stocks

China’s state planner has told some iron ore traders to release excessive inventory and reduce stocks to reasonable levels, following a joint investigation with the market regulator in Qingdao, one of the country’s biggest iron ore ports.The National Development and Reform Commission (NDRC) said in a statement on Thursday that …

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