Simandou iron ore is about to come on stream contributing incremental volume

China Hongqiao (01378.HK) holds a 21.36 % stake in the northern block of the Simandou iron ore project. The world’s largest undeveloped iron ore asset is scheduled to start production by end-2025, and at full capacity in 2027 it will deliver an annual profit contribution of RMB 1.7 billion, enhancing valuation through diversified earnings.