In the western part of Australia, an iron ore deposit was opened with a volume of 55 billion tons and the cost of stocks of 6 trillion

But the main thing is that this ore will be obtained on Chinese investments, more precisely, this is a joint company China Baowu Steel Group and Rio Tinto.

China invests more and more in Australia, and the latter becomes the main “its raw materials appendage.”

in particular, analysts predict that the increase in the production of iron Ocs for China in Australia will reduce deliveries to China from Brazil and Africa - including Due to the shorter Australian transport shoulder.

And the iron ore is increasingly becoming the driving force of the economic growth of Australia. Since 2005, the national income from iron ore has sharply increased from 5.2 billion to 80.7 billion - this is approximately 3 thousand exports of iron ore for each Australian. For comparison: all Russian exports are about 3 thousand per Russian.