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.
On 18/8/23 09:42, Petzl wrote:
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.
China has been spending big in Africa, and not just to secure iron ore. >Other minerals too. Once they are no longer dependant on Australian iron >ore, watch them really put the screws on.
The trade barriers so far thrown at Australian suppliers when we
'offend' them are just tasters of what they will do once they are not >dependant on our iron ore.
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