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China wants to take over the world's largest undeveloped iron ore project

MINING.COM Staff Writer | May 07, 2012 | 4:04 pm News Africa Asia Australia China Europe Iron Ore 

A private group of Chinese magnates is planning to take Guinea’s Simandou, the world's largest undeveloped iron ore project, from Rio Tinto (NYSE:RIO), reports The Australian. According to The Sunday Times, China International Fund (CIF) and Angola's state oil company...

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