A mining company controlled by billionaire Robert Friedland is counting on getting access to a Liberian railway in order to develop its Nimba project in neighboring Guinea.

China plans sharp increase in overseas iron-ore output by 2025

"Iron ore prices could be pressured this year on lower output of China's crude steel and rising supply of overseas mines," said Zhu.

Black Iron monitoring Russia’s incursion into eastern Ukraine

In the process of development, China adopts counter-cyclical macro-control measures－it boosts growth mainly by increasing infrastructure and real estate investment－which leads to surge in demand for bulk commodities. This naturally leads to speculation.

The State Administration for Market Regulation and two government authorities, warned on Tuesday that iron ore-related companies should not fabricate or publish any false price information and should not drive up prices.

Fortescue's profits hit by iron-ore falls

China’s fight with iron-ore 'guerrillas' triggers price rout