IRON MINES AND MINING – AFRICA

China’s new front in the trade war with Australia – Africa

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Original article by Ian Verrender
abc.net au – Page: Online : 5-Jul-21

China is by far the biggest lender to Africa, with one of its more controversial strategies involving handouts being given in exchange for stakes in long-term mining projects where Chinese-government-owned firms take all the profits. It is estimated that China struck $US164 billion ($218 billion) worth of such deals across Africa in the four years to 2018, with the Natural Resource Governance Institute finding they deliver much more benefit to China than the host country. By increasing its influence in potentially iron ore-rich countries like Guinea and the Republic of Congo, China can reduce its reliance on Australia for iron ore.

CORPORATES
NATIONAL RESOURCE GOVERNANCE INSTITUTE, RIO TINTO LIMITED – ASX RIO

Chinese seize African iron projects

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Original article by Nick Evans
The Australian – Page: 13 & 16 : 29-Jun-21

Chinese-backed company AustSino Resources has emerged as the likely developer of a number of iron ore projects in the African countries of Cameroon and the Democratic Republic of Congo. The former ASX-listed company has connections to state-owned Chinese enterprises like China Railway Construction and steelmaker Baowu, while the projects in question would add around 100 million tonnes of iron ore to global markets and could help China to reduce its dependence on Western Australia’s Pilbara region for iron ore.

CORPORATES
AUSTSINO RESOURCES GROUP LIMITED, CHINA RAILWAY CONSTRUCTION CORPORATION LIMITED, BAOWU

Iron ore price slide causes more delays for Sundance

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Original article by Tess Ingram
The Australian Financial Review – Page: 23 : 14-Jan-16

China Gezhouba Group has been forced to delay signing a contract to develop transport infrastructure for Sundance Resources’ iron ore project in Africa. The state-owned group has sought to postpone signing the agreement with the Cameroon Government due to the latter’s financing issues in the wake of the downturn in the iron ore price. China Gezhouba Group will build port and rail facilities for the Mbalam-Nabeba project.

CORPORATES
SUNDANCE RESOURCES LIMITED – ASX SDL, CHINA GEZHOUBA GROUP COMPANY LIMITED, ANSHAN IRON AND STEEL COMPANY