Bad news for Australian economy: China demand for iron ore fades
Resource exports have largely shielded Australia from China’s economic problems. But falling demand for iron ore could change that.
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Resource exports have largely shielded Australia from China’s economic problems. But falling demand for iron ore could change that.
A summary of the highlights from Broker Call Extra updates throughout the week past
Developers of Guinea’s giant Simandou iron ore mine have agreed to a $US15 billion finance deal to kickstart development of what could one day become the world’s largest mine.
In 2022, Guinea signed several investment agreements to develop port and railway infrastructure using iron from the Simandou deposit. Through the
Shareholders in the Simandou iron ore project in Guinea have signed financing agreements totalling $15bn, Bloomberg has reported.