Get rid of Australia, Shandong Weiqiao won the right to develop the world's largest iron ore mine

China is the world's largest iron and steel producer with half of the world's output. Iron ore demand is very large. Due to the low grade of domestic iron ore reserves, a large amount of iron ore is imported every year. Only last year, China imported iron ore. The stone is 1.069 billion tons, most of which come from Australia, making Australia tens of billions of dollars. China has long been constrained by Australia in iron ore pricing and often passively accepts high prices.

Recently, good news came from Guinea that the Win Alliance obtained the approval of the Guinean government to mine the mining rights of the 1st and 2nd mines of Simangdu Iron Mine, which is the world’s largest and highest-grade iron ore mine. Guinea USM and Singapore Winning International were jointly established. Prior to this, Chinalco has joined Rio Tinto to obtain the mining rights in the remaining mining areas. As a result, China has won a huge victory in the game of the world's largest iron ore mine!

Weiqiao Venture Group is a Fortune 500 company located in Binzhou City, Shandong Province. Its strength is strong. Its founder Zhang Shiping once occupied the position of the richest man in Shandong for a long time. The victory of the winning alliance in Guinea fully affirmed that Lu Qi can not only do well in the province, but also play a huge role on the world stage.

Earlier, some Australian MPs suggested stopping the export of iron ore to China, and this time Chinese companies won the world’s largest iron ore development rights to a large extent can get rid of their dependence on Australia, so that China is not subject to iron ore issues. Taking this opportunity, Wei Qiao successfully cut into iron ore, a profitable and lucrative field. Since Weiqiao itself does not have a steel plant, it is estimated that Win Alliance will seek cooperation to produce and sell iron ore. After the project is put into production, it will become a major profit growth point for Weiqiao.