Simandou is one of the largest high-grade iron ore projects under development.

西芒杜项目是当前全球规模最大的在建高品位铁矿石开采项目之一。

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The joint development of Simandou was a feature of a broader "strategic partnership" that would have accompanied the original Rio-Chinalco deal.

力拓与中铝原先的交易还将开启双方更广泛的“战略合作关系”，西芒杜的联合开发项目就是内容之一。

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As a result, Vale has been forced to suspend projects, including Simandou, resulting in a drastically reduced capital expenditure target for next year.

FORBES: Is There No End To Vale's Woes?

"We believe the successful development of the Simandou project will greatly quicken the pace of local infrastructure construction and economic development, " Mr Xiong Weiping said.

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