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Australia leases out mineral rich land as China s hunger

He claims to control the mining rights to land which contains 160bn tonnes of iron ore 100 times greater than the entire global output of iron ore last year If China s steel mills maintain current level

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Xinhua news agency has reported that China has closed 1 355 small coal mines in 2024 as part of a larger initiative by the National Energy Administration to reorganize the mining industry in China with the aim of increasing safety levels for workers as well as reducing greenhouse gas emissions from the industry which are also some of the highest in the world

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As Table 1 shows India s exports of iron ores and concentrates to China have been falling steadily with the sharpest drop in 2024 13 This was the year that India s overall iron ore exports also plummeted as a consequence of an expert panel shutting down all 93 mines in

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The value of iron ore rallied the most on record Monday night after steel prices in China jumped on the belief Beijing s pro growth policies would boost sluggish demand

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