{"id":601514,"date":"2025-11-03T06:08:10","date_gmt":"2025-11-03T14:08:10","guid":{"rendered":"https:\/\/nai500.com\/?p=601514"},"modified":"2025-11-03T06:08:10","modified_gmt":"2025-11-03T14:08:10","slug":"%e4%b8%ad%e5%9b%bd%e5%9c%a8%e9%9d%9e%e6%b4%b2%e7%9a%84%e5%a4%a7%e8%a7%84%e6%a8%a1%e7%9f%bf%e5%b1%b1%e6%ad%a3%e5%a8%81%e8%83%81%e9%87%8d%e5%a1%91%e9%93%81%e7%9f%bf%e7%9f%b3%e5%b8%82%e5%9c%ba","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2025\/11\/%e4%b8%ad%e5%9b%bd%e5%9c%a8%e9%9d%9e%e6%b4%b2%e7%9a%84%e5%a4%a7%e8%a7%84%e6%a8%a1%e7%9f%bf%e5%b1%b1%e6%ad%a3%e5%a8%81%e8%83%81%e9%87%8d%e5%a1%91%e9%93%81%e7%9f%bf%e7%9f%b3%e5%b8%82%e5%9c%ba\/","title":{"rendered":"\u4e2d\u56fd\u5728\u975e\u6d32\u7684\u5927\u89c4\u6a21\u77ff\u5c71\u6b63\u5a01\u80c1\u91cd\u5851\u94c1\u77ff\u77f3\u5e02\u573a"},"content":{"rendered":"<p>\u897f\u975e\u7684\u4e00\u5904\u77ff\u4f53\u5373\u5c06\u91cd\u7ed8\u5927\u5b97\u5546\u54c1\u683c\u5c40\u3002\u51e0\u5185\u4e9a\u7684Simandou\uff0c\u662f\u4e16\u754c\u4e0a\u6700\u5bcc\u9976\u7684\u672a\u5f00\u53d1\u94c1\u77ff\u77f3\u77ff\u5e8a\u4e4b\u4e00\uff0c\u6b63\u4ece\u627f\u8bfa\u8d70\u5411\u6267\u884c\uff0c\u77ff\u5c71\u3001\u94c1\u8def\u548c\u6e2f\u53e3\u5de5\u7a0b\u540c\u6b65\u63a8\u8fdb\u3002\u5176\u5f71\u54cd\u8d85\u8d8a\u94a2\u94c1\u9886\u57df\u2014\u2014\u8fd9\u662f\u5317\u4eac\u7684\u4ea7\u4e1a\u6218\u7565\u9047\u4e0a\u975e\u6d32\u89c4\u6a21\u7684\u8bd5\u9a8c\u573a\uff0c\u68c0\u9a8c\u4e2d\u56fd\u7684\u5de5\u7a0b\u4e0e\u91d1\u878d\u673a\u5668\u5982\u4f55\u8f6c\u79fb\u5168\u7403\u5b9a\u4ef7\u6743\u3001\u4e3a\u91cd\u5de5\u4e1a\u8131\u78b3\u63d0\u4f9b\u8def\u5f84\u3001\u5e76\u52a0\u901f\u65b0\u5174\u5e02\u573a\u589e\u957f\u3002<\/p>\n<h3>\u4e3a\u4ec0\u4e48Simandou\u4f1a\u91cd\u7f6e\u94c1\u77ff\u77f3\u7ecf\u6d4e\u5b66<\/h3>\n<p>Simandou\u7684\u5438\u5f15\u529b\u5f88\u7b80\u5355\uff1a\u89c4\u6a21\u4e0e\u54c1\u4f4d\u3002\u8be5\u77ff\u5e8a\u4ee5\u9ad8\u54c1\u4f4d\u94c1\u77ff\u77f3\u8457\u79f0\uff0c\u7ea665% 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Mineral Resources Group\u7684\u6210\u7acb\u5c06\u56fd\u5bb6\u94a2\u5382\u7684\u94c1\u77ff\u91c7\u8d2d\u96c6\u4e2d\u7ba1\u7406\uff0c\u5408\u5e76\u91c7\u8d2d\u91cf\u4ee5\u8c08\u5224\u66f4\u4f18\u6761\u6b3e\u5e76\u52a0\u6df1\u4ee5\u4eba\u6c11\u5e01\u8ba1\u4ef7\u5408\u7ea6\u7684\u6d41\u52a8\u6027\u3002Simandou\u6070\u597d\u5951\u5408\u8fd9\u4e00\u5267\u672c\u3002\u4ece\u6fb3\u6d32\u548c\u5df4\u897f\u7684\u96c6\u4e2d\u98ce\u9669\u4e2d\u5206\u6563\u5e76\u975e\u5bf9\u6297\uff0c\u800c\u662f\u6218\u7565\u5bf9\u51b2\u3002\u91cd\u5fc3\u4ece\u4e70\u65b9\u88ab\u52a8\u63a5\u53d7\u4ef7\u683c\u8f6c\u5411\u4f53\u7cfb\u5efa\u8bbe\u8005\uff1a\u4e2d\u56fd\u53c2\u4e0e\u5efa\u8bbe\u77ff\u5c71\u3001650\u516c\u91cc\u7684\u91cd\u8f7d\u94c1\u8def\u548c\u6df1\u6c34\u5927\u897f\u6d0b\u6e2f\u53e3\uff0c\u7136\u540e\u901a\u8fc7\u7edf\u4e00\u7684\u53f0\u8d26\u805a\u5408\u627f\u8d2d\u91cf\u3002\u51c0\u6548\u5e94\u662f\u66f4\u900f\u660e\u7684\u5b9a\u4ef7\u3001\u66f4\u4f4e\u7684\u5230\u5cb8\u6210\u672c\u4e3a\u4e2d\u56fd\u94a2\u5382\u5e26\u6765\u4f18\u52bf\uff0c\u5e76\u4e3a\u975e\u6d32\u751f\u4ea7\u8005\u63a5\u5165\u5168\u7403\u4ef7\u503c\u94fe\u63d0\u4f9b\u66f4\u5e7f\u7684\u5e73\u53f0\u3002<\/p>\n<h3>\u57fa\u7840\u8bbe\u65bd\u901f\u5ea6\u662f\u5173\u952e\u89e3\u9501\u70b9<\/h3>\n<p>\u77ff\u77f3\u4e0d\u80fd\u79fb\u52a8\u79bb\u5f00\u4e16\u754c\u7ea7\u7269\u6d41\uff0c\u800c\u8fd9\u6b63\u662f\u4e2d\u56fd\u5de5\u7a0b\u5e08\u7684\u5f3a\u9879\u3002\u7a7f\u8d8a\u51e0\u5185\u4e9a\u7684\u6a2a\u8d2f\u94c1\u8def\u5c06\u901a\u8fc7\u5c71\u5730\uff0c\u4fee\u5efa\u5982\u56db\u5ddd\u9ad8\u94c1\u822c\u590d\u6742\u7684\u96a7\u9053\u4e0e\u9ad8\u67b6\u6865\u3002\u9760\u8fd1Matakong\u7684\u5927\u897f\u6d0b\u6e2f\u53e3\u6b63\u5728\u6309Capesize\uff08\u5927\u578b\u6563\u8d27\u8239\uff09\u6d41\u91cf\u8bbe\u8ba1\u4ee5\u5b9e\u73b0\u89c4\u6a21\u5316\u3002\u50cfChina Communications Construction Company\u3001China Railway Construction Corporation\u548cChina Railway Group\u8fd9\u6837\u7684\u4f01\u4e1a\u64c5\u957f\u6b64\u7c7b\u4ea4\u94a5\u5319\u3001\u8d44\u672c\u5bc6\u96c6\u578b\u7684EPC\u5de5\u7a0b\u3002\u8fd9\u662f\u201c\u4e00\u5e26\u4e00\u8def2.0\u201d\uff1a\u66f4\u5c11\u526a\u5f69\u4eea\u5f0f\u3001\u66f4\u591a\u8d44\u4ea7\u8d1f\u503a\u8868\u7eaa\u5f8b\u3001\u5efa\u6210\u7ecf\u4e45\u8010\u7528\u7684\u8d44\u4ea7\u3002\u5728\u51e0\u5185\u4e9a\u94fa\u8bbe\u7684\u6bcf\u4e00\u516c\u91cc\u8f68\u9053\u90fd\u5f3a\u8c03\u4e86\u4e2d\u56fd\u5efa\u7b51\u4e3a\u4f55\u5728\u5168\u7403\u8303\u56f4\u5185\u5177\u5907\u6210\u672c\u7ade\u4e89\u529b\u5e76\u6ce8\u91cd\u5de5\u671f\u3002<\/p>\n<h3>\u4e3a\u94a2\u94c1\u5e26\u6765\u7684\u8131\u78b3\u7ea2\u5229<\/h3>\n<p>\u9ad8\u54c1\u4f4d\u77ff\u77f3\u662f\u6c14\u5019\u5de5\u5177\u3002\u5728\u4e2d\u56fd\u94a2\u5382\u9762\u4e34\u964d\u4f4e\u6392\u653e\u5f3a\u5ea6\u7684\u538b\u529b\u4e0b\uff0cSimandou\u7684\u5757\u77ff\u4e0e\u7ec6\u7c89\u6df7\u914d\u5c06\u51cf\u5c11\u7126\u70ad\u6d88\u8017\u5e76\u63d0\u5347\u9ad8\u7089\u751f\u4ea7\u7387\uff0c\u76f8\u5f53\u4e8e\u6bcf\u5428\u751f\u94c1\u7684\u5355\u4f4d\u6392\u653e\u964d\u4f4e\u3002\u7ed3\u5408\u4e2d\u56fd\u5feb\u901f\u90e8\u7f72\u7684\u7535\u5f27\u7089\u3001\u5e9f\u94a2\u56de\u6536\u7269\u6d41\u4e0e\u6570\u5b57\u5316\u63a7\u5236\uff0c\u4f53\u7cfb\u5c42\u9762\u7684\u6548\u7387\u63d0\u5347\u53ef\u89c2\u3002\u9884\u8ba1\u968f\u7740Simandou\u4ea7\u91cf\u4e0a\u5347\uff0c\u94a2\u5382\u4f1a\u8c03\u6574\u8d1f\u8377\u914d\u6bd4\uff0c\u7f29\u5c0f62%\u4e0e65%\u6307\u6570\u4e4b\u95f4\u7684\u6ea2\u4ef7\u5dee\u8ddd\uff0c\u5e76\u63a8\u52a8\u94a2\u5382\u5411\u66f4\u7eff\u8272\u3001\u66f4\u76c8\u5229\u7684\u8fd0\u8425\u8f6c\u578b\u3002<\/p>\n<h3>Simandou\u5341\u5e74\u4e2d\u56fd\u76f8\u5173\u7684\u5341\u5927\u6295\u8d44\u6807\u7684<\/h3>\n<p>1) Rio Tinto RIO\uff1a\u901a\u8fc7\u5176Simfer\u5408\u8d44\u4f01\u4e1a\u5171\u540c\u5f00\u53d1Simandou\u5357\u90e8\u533a\u5757\uff0c\u77ff\u3001\u94c1\u8def\u4e0e\u6e2f\u53e3\u540c\u6b65\u63a8\u8fdb\uff1b\u91cc\u7a0b\u7891\uff1a\u7ecf\u5386\u591a\u5e74\u5ef6\u8bef\u540e\u8d44\u672c\u627f\u8bfa\u91cd\u65b0\u542f\u52a8\uff1b\u5168\u7403\u5f71\u54cd\uff1a\u4e3a\u4ee5Pilbara\u548c\u5df4\u897f\u4e3a\u4e3b\u7684\u4f9b\u5e94\u7ec4\u5408\u589e\u52a0\u65b0\u7684\u9ad8\u54c1\u4f4d\u652f\u67f1\u3002 2) China Communications Construction Co 1800.HK, 601800.SS\uff1a\u9884\u8ba1\u53d7\u76ca\u4e8e\u51e0\u5185\u4e9a\u53ca\u897f\u975e\u7684\u6e2f\u53e3\u4e0e\u6d77\u4e8b\u5de5\u7a0b\uff1b\u91cc\u7a0b\u7891\uff1a\u91cd\u5927\u201c\u4e00\u5e26\u4e00\u8def\u201d\u627f\u5305\u5546\uff0c\u62e5\u6709\u6570\u5341\u4ebf\u7f8e\u5143\u7684\u6d77\u5916\u5728\u624b\u8ba2\u5355\uff1b\u5168\u7403\u5f71\u54cd\uff1a\u63d0\u5347\u975e\u6d32\u8d38\u6613\u80fd\u529b\u5e76\u964d\u4f4e\u7269\u6d41\u6469\u64e6\u3002 3) China Railway Construction Corp 1186.HK, 601186.SS\uff1a\u91cd\u8f7d\u94c1\u8def\u7ebf\u7684\u9886\u519b\u8005\uff0c\u8d1f\u8d23650\u516c\u91cc\u8d70\u5eca\uff1b\u91cc\u7a0b\u7891\uff1a\u5728\u975e\u6d32\u548c\u4e2d\u4e1c\u4ea4\u4ed8\u590d\u6742\u94c1\u8def\u5de5\u7a0b\u7684\u80fd\u529b\u5df2\u88ab\u9a8c\u8bc1\uff1b\u5168\u7403\u5f71\u54cd\uff1a\u4fc3\u6210\u5927\u5b97\u8d27\u7269\u6d41\u52a8\uff0c\u6539\u53d8\u51e0\u5185\u4e9a\u7684GDP\u8def\u5f84\u3002 4) China Railway Group 0390.HK, 601390.SS\uff1a\u96a7\u9053\u4e0e\u94fa\u8f68\u4e13\u5bb6\uff1b\u91cc\u7a0b\u7891\uff1a\u6d77\u5916\u8ba2\u5355\u521b\u7eaa\u5f55\uff0c\u975e\u672c\u571f\u6536\u5165\u6bd4\u91cd\u4e0a\u5347\uff1b\u5168\u7403\u5f71\u54cd\uff1a\u964d\u4f4e\u9996\u6279\u77ff\u77f3\u901a\u9053\u7684\u5173\u952e\u98ce\u9669\u3002 5) Baoshan Iron and Steel 600019.SS\uff1a\u4e2d\u56fd\u65d7\u8230\u94a2\u5382\uff0c\u901a\u8fc7\u9ad8\u54c1\u4f4d\u539f\u6599\u83b7\u53d6\u66f4\u9ad8\u6bdb\u5229\uff1b\u91cc\u7a0b\u7891\uff1a\u516c\u5e03\u81f32030\u5e74\u7684\u8131\u78b3\u8def\u7ebf\u56fe\uff1b\u5168\u7403\u5f71\u54cd\uff1a\u4e3a\u4e9a\u6d32\u6700\u5927\u94a2\u94c1\u5e02\u573a\u5e26\u6765\u66f4\u7eff\u8272\u7684\u6210\u672c\u66f2\u7ebf\u3002 6) Angang Steel 0347.HK, 000898.SZ\uff1a\u4e1c\u5317\u5730\u533a\u4e00\u4f53\u5316\u751f\u4ea7\u5546\uff0c\u8fdb\u884c\u9ad8\u7089\u5347\u7ea7\uff1b\u91cc\u7a0b\u7891\uff1a\u4ea7\u80fd\u4f18\u5316\u63d0\u5347\u5229\u7528\u7387\uff1b\u5168\u7403\u5f71\u54cd\uff1a\u968f\u7740\u77ff\u77f3\u8d28\u91cf\u4e0a\u5347\uff0c\u5bf9\u8fdb\u53e3\u7684\u7ade\u4e89\u529b\u589e\u5f3a\u3002 7) COSCO Shipping Holdings 1919.HK, 601919.SS\uff1a\u5728\u65b0\u7684\u5927\u897f\u6d0b\u2014\u592a\u5e73\u6d0b\u822a\u7ebf\u4e2d\u83b7\u5f97Capesize\u655e\u53e3\uff1b\u91cc\u7a0b\u7891\uff1a\u6301\u7eed\u66f4\u65b0\u8239\u961f\u4e0e\u6570\u5b57\u8c03\u5ea6\uff1b\u5168\u7403\u5f71\u54cd\uff1a\u5e26\u6765\u66f4\u591a\u5428\u6d77\u91cc\u9700\u6c42\uff0c\u4f7f\u6563\u8d27\u822a\u8fd0\u66f4\u7d27\u5f20\u3002 8) China Merchants Port 0144.HK\uff1a\u975e\u6d32\u95e8\u6237\u8fd0\u8425\u5546\u4e0e\u7269\u6d41\u6295\u8d44\u8005\uff1b\u91cc\u7a0b\u7891\uff1a\u5728\u201c\u4e00\u5e26\u4e00\u8def\u201d\u6e2f\u53e3\u6269\u5c55\u5e03\u5c40\uff1b\u5168\u7403\u5f71\u54cd\uff1a\u52a0\u901f\u4ece\u897f\u975e\u5230\u4e9a\u6d32\u7684\u591a\u5546\u54c1\u8d70\u5eca\u3002 9) Zijin Mining 2899.HK, 601899.SS\uff1a\u5728\u975e\u6d32\u5177\u5907\u6267\u884c\u80fd\u529b\u7684\u91d1\u5c5e\u516c\u53f8\uff1b\u91cc\u7a0b\u7891\uff1a\u5728\u975e\u6d32\u5feb\u901f\u63a8\u8fdb\u94dc\u91d1\u8d44\u4ea7\uff1b\u5168\u7403\u5f71\u54cd\uff1a\u964d\u4f4e\u590d\u6742\u53f8\u6cd5\u7ba1\u8f96\u533a\u7684\u98ce\u9669\uff0c\u50ac\u5316\u4f9b\u5e94\u5546\u751f\u6001\u3002 10) China Hongqiao Group 1378.HK\uff1a\u901a\u8fc7\u51e0\u5185\u4e9a\u94dd\u571f\u77ff\u8fd0\u8425\u6210\u4e3aWinning Consortium 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