China's iron giant take aim at world's top miners
Bloomberg Televisionยท2025-11-04 03:00
Samandu. This is Africa's biggest ever mining project built on the world's largest untapped deposit of iron ore. And this is the story of how it went from being an ambitious dream to the cusp of reality.Iron ore is the raw material used to make steel with a global market worth about $300 billion a year. And yet the deposits at Samandu, which Riotinto started exploring almost three decades ago, remained trapped under the mountains. Its extreme remoteness, military coups, and corruption scandals paralyzed the ...