Simandou iron ore project in West Africa is key focus of Baowu's $1.4 bln bond issue

China Baowu Steel Group plans to invest at least 7 billion yuan ($0.98 billion) in developing the northern sector of the Simandou iron ore project in Guinea, West Africa, after raising 10 billion yuan ($1.4 billion) via the Shanghai Stock Exchange (SSE).

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Published

Shu Yi Zheng

February 02, 2024

09:54 GMT

Singapore