Page 2 - Sangha Mining News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Iron ore, a lever to pull Australia, China out of trade war 2 minutes read By Rocío Otoya Sydney, Australia, Dec 30 (efe-epa).- Iron ore is pushing Australia and China, the world’s largest exporter and importer of the raw material, to reach an understanding despite escalating trade tensions between the two countries. Bilateral relations have strained throughout the year with several friction points, including import tariffs on several Australian products by China. Barley, wine, beef, and coal are some products directly or indirectly affected by the trade war with China. According to Aust...

Congo Strips Aussie Miners of Iron Ore Projects as Beijing Trade Dispute Widens Amid the ongoing trade disputes that Beijing has instigated against Australian exporters, the Republic of Congo (ROC)—which is heavily indebted to China—has stripped three Australian mining firms of major iron ore projects under alleged “unlawful and arbitrary” circumstances. The move comes as the Chinese Communist Party (CCP) continues to wield considerable influence via debt-trap diplomacy on the African continent. Two Australian miners, Perth-based Sundance Resources and Equatorial Resources have trigg...

Australian miners press Congo over seized iron ore projects Congo Republic has cancelled iron ore projects with three Australian miners, two of the companies said, and handed them to a firm “nobody knows anything about”, prompting one to seek $8.76 billion in damages from the central African nation. The sudden cancellation sparked alarm among the project owners after years of working closely with the government of Congo Republic. Sundance Resources Ltd and Equatorial Resources Ltd EQX.AX both said this week they had been notified through an official journal that their mining or exploratio...

The move comes after the Government of Congo revoked Sundance Resources’ mining permit for Nabeba iron ore project Government of Congo issued a decree to withdraw the mining permit from Sundance’s subsidiary Congo Iron. Credit: Bishnu Sarangi from Pixabay. Australian firm Sundance Resources has initiated a process against Congo to claim a compensation of $8.76bn after the local government revoked its mining permit for Nabeba iron ore project. Last month, the Government of Congo issued a decree to withdraw the mining permit from Sundance’s subsidiary Congo Iron. The decree was published ...

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...