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SEVEN HILLS RLTY TR COM USD0.001 (S/R 04/12/2025)

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<p>Nestle India receives tax penalty of 82.8 million rupees</p>

marketscreener

Nestlé

Nestlé S.A.

Nestle India receives tax penalty of 82.8 million rupees

VALE

BHPLF

<p>The world-class iron ore Ximangdu project officially commenced production on November 11, with reserves exceeding 4.4 billion tons and an iron grade of 65%. The project is led by Chinese enterprises, with deep participation from China Aluminum Group and China Baowu Steel Group. The commencement of production will break the monopoly of the three giants: Rio Tinto, BHP, and Vale SA. Analysts point out that "China has never had such a level of pricing power for seaborne iron ore."</p>

- The Simandou iron ore project in Guinea, a $20 billion investment, has officially commenced operations, poised to reshape global iron ore supply and enhance China's pricing power.  
- The project, developed by the Guinean government and international partners, is expected to significantly impact the iron ore market, with analysts predicting a shift in pricing dynamics favoring China.  
- With an estimated 3 billion tons of high-grade iron ore, the project aims to provide substantial economic benefits to Guinea, potentially increasing its GDP by over 25% in the next decade.

Wallstreetcn

Rio Tinto

Vale SA

BHP Group Limited

The world-class Simandou iron ore mine has officially commenced production, giving China greater influence in global iron ore pricing