China’s Shandong Xinfa Aluminum & Electricity Group is in talks with Guinea to invest $14 billion in a bauxite project abandoned by BHP Billiton said a government official with knowledge of the matter.
The seaborne iron ore market finally gained Friday after a steady period of weakening, tracking a small flow of buying interest ahead of Chinese holidays and a slight boost in steel prices.
Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.