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China's Baowu takes control of Simandou iron-ore operator...
02 Feb, 2026 09:20 96 min read
China’s Baowu Resources, the world’s largest steelmaker, has tightened its grip on one of the biggest untapped high‑grade iron-ore deposits by taking control of the operator of Guinea's Simandou Blocks 1 and 2 after raising its stake in the Winning Consortium Simandou to 51% from 49%, the company said on Friday.... More