Rio Tinto ready to build Simandou after almost 30 years of setbacks
Simandou has faced delays due to legal disputes, political changes, and the challenges of building a 600 km rail and port infrastructure.
Latin America used to be known for its economic and political instability.
But it fought off the global financial crisis with relative ease. Poverty is now falling, the middle classes are growing rapidly and asset markets are bubbling.
And it has the spectacular expansion of commodity demand to thank for all of this.