China's Baosteel expects Simandou to mine first cargo by end 2025

Reuters10-30

Oct 30 (Reuters) - China's biggest listed steelmaker Baoshan Iron & Steel 600019.SS said on Wednesday that it expected the Simandou iron ore project to complete infrastructure construction and mine its first cargo by the end of 2025.

The Simandou project in southeast Guinea in Africa is set to be the world's largest and highest grade new iron ore mine, key to the green transition in the global steel value chain,

The project will have an annual production capacity of 120 million metric tons.

(Reporting by Amy Lv in Beijing and Farah Master in Hong Kong; Editing by Christian Schmollinger)

((Amy.Lv@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2479211226?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-30 11:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2479211226","market":"us","top_or_hot":-1,"title":"China's Baosteel expects Simandou to mine first cargo by end 2025","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>China's Baosteel expects Simandou to mine first cargo by end 2025</title></head><body><p><span>Oct 30 (Reuters)</span><span> - </span>China's biggest listed steelmaker Baoshan Iron &amp; Steel <span>600019.SS</span> said on Wednesday that it expected the Simandou iron ore project to complete infrastructure construction and mine its first cargo by the end of 2025.</p><p>The Simandou project in southeast Guinea in Africa is set to be the world's largest and highest grade new iron ore mine, key to the green transition in the global steel value chain,</p><p>The project will have an annual production capacity of 120 million metric tons.</p><p> (Reporting by Amy Lv in Beijing and Farah Master in Hong Kong; Editing by Christian Schmollinger)</p><p> ((Amy.Lv@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Baosteel expects Simandou to mine first cargo by end 2025</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Baosteel expects Simandou to mine first cargo by end 2025\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241030:nL4N3M60F8:4><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China's Baosteel expects Simandou to mine first cargo by end 2025Oct 30 (Reuters) - China's biggest listed steelmaker Baoshan Iron & Steel 600019.SS said on Wednesday that it expected the Simandou ...</p>\n\n<a href=\"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241030:nL4N3M60F8:4\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0015","symbol_name":"沪股通50","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241030:nL4N3M60F8:4","article_id":"2479211226","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479211226","pubTimestamp":1730258962,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"China's Baosteel expects Simandou to mine first cargo by end 2025Oct 30  - China's biggest listed steelmaker Baoshan Iron & Steel 600019.SS said on Wednesday that it expected the Simandou iron ore project to complete infrastructure construction and mine its first cargo by the end of 2025.The Simandou project in southeast Guinea in Africa is set to be the world's largest and highest grade new iron ore mine, key to the green transition in the global steel value chain,The project will have an annual production capacity of 120 million metric tons.  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"600019":"宝钢股份","BK0015":"沪股通50","BK0212":"黑色加工","BK0196":"行业龙头","BK0012":"证金概念","LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","LU1115378108.SGD":"Eastspring Investments - Global Emerging Markets Dynamic AS SGD","LU0543330566.HKD":"TEMPLETON BRIC \"A\" (HKD) ACC","BK0010":"央企","BK0201":"可转债","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","BK0188":"融资融券","BK0006":"大央企重组","BK0187":"一线龙头","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","LU0229945570.USD":"TEMPLETON BRIC \"A\" (USD) ACC","BK0028":"国家队"},"translate_title":"中国宝钢预计西芒杜将于2025年底开采第一批货物","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600019":0.9},"content_text":"China's Baosteel expects Simandou to mine first cargo by end 2025Oct 30 (Reuters) - China's biggest listed steelmaker Baoshan Iron & Steel 600019.SS said on Wednesday that it expected the Simandou iron ore project to complete infrastructure construction and mine its first cargo by the end of 2025.The Simandou project in southeast Guinea in Africa is set to be the world's largest and highest grade new iron ore mine, key to the green transition in the global steel value chain,The project will have an annual production capacity of 120 million metric tons. (Reporting by Amy Lv in Beijing and Farah Master in Hong Kong; Editing by Christian Schmollinger) ((Amy.Lv@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479211226"}