Rio Tinto is Rio Tinto Simfer’s majority shareholder as well as managing partner.

BHP Group on Wednesday reported record annual iron ore production for a second consecutive year, helped by improved weather conditions and higher contribution from its South Flank operations in Western Australia.

All conditions have now been satisfied for Rio Tinto’s investment to develop the Simandou high-grade iron ore deposit in Guinea

In June, Sukha Balka commissioned two new blocks of iron ore at both mines of the enterprise. Combined reserves amount to 157 thousand tons.

Kazakhstan's Eurasian Resources Group has put its Brazilian iron ore miner, Bahia Mineração (Bamin), up for sale, attracting interest from local mining giant Vale.

Added to that is the issue of recruitment. AVEVA has identified that 70% of 15-30-year-olds said they would "probably not or will not" consider a career in mining.

China Baowu Steel Group has completed its purchase of a stake in the Simandou project in Guinea, as China’s top steelmaker looks to expand its interest in the world’s largest untapped iron ore mine.

In the course of history, China and Australia have long been forging ahead side by side, and have benefited greatly from win-win cooperation.