China Baowu Steel Group (Baowu) has raked in CNY10bn ($1.4bn) through a bond issue, a major chunk of which will be used to fund the Simandou iron ore project in Guinea, according to a Reuters report.
Rio Tinto s Guinea unit
has agreed terms with joint venture partners including China s
Baowu on developing infrastructure for the huge Simandou iron
ore mine, the next step towards building a project. | January 4, 2023