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The Queensland miner says it has received “multiple” enquiries from Chinese customers wanting to buy coal, adding to perceptions Beijing will ease a trade ban.
Guinea’s mining project is held up as the bogeyman that will bring Australia’s biggest export industry to its knees. But Brazil will have a bigger say in future prices.
An Australian executive building an iron ore project in Guinea reckons demand for Australian ore may perversely rise if the Simandou province comes to fruition.
Civmec has secured a contract worth more than A$330m ($228.4m) to support the development of Rio Tinto’s $2bn Western Range iron ore project.
Civmec will carry out engineering work from its Henderson facility in Western Australia for the miner.