ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China bankrolls Africa railroad to cut Australia iron-ore reliance

Costly infrastructure in Guinea will unlock world's largest untapped source

Iron ore imported from Australia, Brazil and other countries is unloaded at a port in Taicang, in China's Jiangsu province. (Costfoto/Future Publishing via Getty Images)

TOKYO -- While China-Australia relations seem to be thawing, Beijing is slowly but surely moving to cut its dependence on Australian iron ore.

Last Friday, mining giant Rio Tinto and a consortium of Chinese state-owned enterprises announced that they had concluded key agreements with the government of Guinea to build a trans-Guinean railway capable of carrying iron ore from the west African nation's inland to the coast.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more