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Push by China into Africa for iron ore

Michael McLaren

Nick Evans, The Australian Newspaper resource editor, joins Michael to discuss the push by China into Africa for iron ore and whether it could be curtains for WA and Australia’s economy.

 

Mr Evans writes, ‘China’s Pilbara-killing ambitions in Africa are taking shape, with a former ASX-listed company with links to major Chinese state-owned companies emerging as the likely developer of a suite of iron ore projects in Cameroon and the Republic of Congo.’

 

‘A deal signed between the government of Cameroon and former ASX-listed minnow AustSino Resources on the weekend appears to cement Chinese control of a group of iron ore projects stripped from Australian and British resource companies, and offers a path to market for up to 100 million tonnes of iron ore from central Africa through a port and rail deal.’

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Michael McLaren
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