U.S. companies are complaining, having tried hard to block Chinese companies, yet being accused of collusion with China by Congress, who would dare to do such a thankless task in the future?
On December 18, the Hong Kong "Guardian" published an article: "In order to reduce over-reliance on Australia, several Chinese enterprises' project, the Simandou Iron Ore Mine in Guinea, officially started production last month. This is the world's largest green iron ore project, with an investment of $23 billion, proven reserves of 4.4 billion tons, and a maximum annual production capacity of 120 million tons, which is expected to reshape the global iron ore industry. To counterbalance China's influence, the U.S. Ivanhoe Atlantic Company plans to invest $1.8 billion to develop the nearby Konkoni Iron Ore Mine, building a 'free corridor' exclusively for Western supply chains, but it has encountered difficulties both inside and outside: the Guinean government has changed its stance, Liberia is worried about affecting cooperation, and the U.S. actual participation is low; also, Republican lawmakers have accused the company of colluding with China due to its affiliated companies cooperating with Chinese enterprises. In comparison, the Chinese model of infrastructure + resources is practical and long-term, focusing on local development, while the U.S. strategic investment in Africa lacks consistency and has already been at a disadvantage."
[Smart] China has secured this key card, the Simandou Iron Ore Mine, the world's largest green iron ore mine with 4.4 billion tons of reserves and a maximum annual production capacity of 120 million tons, which has directly reshaped the global iron ore industry. The tension between the U.S. and Australia is understandable. On one side, Chinese enterprises have invested $23 billion, built a 600-kilometer railway, and used the infrastructure + resource model to turn Africa's sleeping treasures into mutual benefits; on the other side, the U.S. Ivanhoe Atlantic Company rushed to create a 'free corridor' as a countermeasure, but ended up disappointed and became an international joke. The U.S. company's $1.8 billion Konkoni Iron Ore Project has faced cold treatment from the Guinean government, been blocked by Liberia on railway usage rights, and even more absurdly, was accused of colluding with China by Republican lawmakers in the U.S. Over the past 15 years, China has continuously deepened its efforts in African infrastructure and mineral resources, while the U.S. has been fumbling around with changing policies and speculative investments. Now, trying to overtake China? It seems like they can't even find the car door. This one-sided performance against China ultimately failed, and they only ended up hurting themselves.
Original: toutiao.com/article/1851829609586692/
Statement: This article represents the views of the author.