Aussie companies stripped of iron ore projects in Africa
Aussie companies stripped of iron ore projects in Africa Share Perth-based Sundance Resources is seeking a multi-billion dollar payout from the Republic of Congo after being stripped of its iron ore mining licence in the central African nation where China is casting a big shadow. Two other Australian-based companies have also had iron ore mining and exploration rights stripped by the RoC, which then awarded them to a mystery company with no history in the region. The mystery company has been handed rights to about a billion tonnes of high grade iron ore by the RoC at a time Chinese steel mill...
Source: afr.com