Chinese Mining Operations in Australia

April 12th, 2011

So it goes…

Via: Guardian:

China is leasing huge areas of land in Australia to secure a vital source of mineral resources, the latest sign of its acquisitive approach to the commodities trade.

No longer satisfied with buying iron ore and coal from Australian mining companies, Rio Tinto and BHP Billiton, China is developing its own mining operations, funding a port with a mile-long breakwater jutting into the Indian Ocean.

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