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Daily iron ore price update (the problem manifest)

Daily iron ore price update (the problem manifest)
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China s Kingho ships first batch of iron ore from Sierra Leone s Tonkolili mine

By Reuters Staff 2 Min Read BEIJING, Jan 30 (Reuters) - A ship carrying iron ore from west Africa’s Tonkolili mine set sail for China from the Port of Pepel in Sierra Leone on Friday, China’s official Xinhua news agency said. The shipment was the first export from the mine since Chinese firm Kingho Investment Co Ltd took over the project, Xinhua said. The report did not detail the size of the shipment. Kingho could not immediately be reached for comment on Saturday. The mine, which has estimated resources of 13.7 billion tonnes, was previously owned by China’s state-backed Shandong Iron & Steel Group.

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