China sources twothirds of its iron ore from Australia with this supply making up half of all iron ore consumed in China Introducing an import ban now would also hurt Chinas economic recovery just as the government is directing stimulus money into construction which will require greater output from Chinese steel manufacturers and increase demand for iron ore.
Over the longer term however that could change as China considers diversifying to other iron ore sources particularly in Africa For China the Australian trade dispute is coming on the heels of a trade war with the US disruption in Brazilian iron ore production and general global economic turmoil which all combine to make investment into the exploration and production of African deposits increasingly worth the risks.
The African continent has similar levels of iron ore reserves as Australia and the majority of these remain untapped The signs are already there In May major Chinese steelmakers called on their government to increase both domestic iron ore production and investment into the exploration and development of iron ore deposits in Africa In early June Chinas statecontrolled newspaper Global Times threatened that China was willing to curb Australian iron ore imports if it felt backed into a corner and would pay more and spend time to seek alternatives from Brazil or Africa.
In many ways this is one of those moments that China has strategically been preparing for since its African engagements began to skyrocket roughly two decades ago Chinese investments in Africas natural resources serve a multitude of purposes but more than anything they support Chinas longterm quest for selfreliance in key commodities necessary for economic growth national security and political stability.
China has options in Africa and even if newly tapped African iron ore deposits take several years and massive injections of capital to develop this will not deter China who knows how to play the long game.
To this end the Chinese state has been cultivating relationships with African leadership and providing robust practical and policy support for its companies to explore develop and exploit African mineral deposits Chinas domestic iron and steel policies strongly encourage and provide favourable funding for Chinese investment in overseas metal extraction and processing sectors which have helped secure supplies and prices.
Stateowned and non stateowned Chinese firms have already invested heavily in African iron ore to help diversify and secure Chinas supply of this key commodity South Africa is currently Chinas third largest source of the metal albeit a distant third behind Australia and then Brazil and Mauritania is among its top 15 suppliers Algeria Cameroon Republic of Congo Guinea Liberia Senegal Sierra Leone Gabon Nigeria and Madagascar all have reserves many of which are under study or being developed by Chinese companies.
Exploitation has so far proved challenging Risky operating environments characterised by a lack of energy and transport infrastructure and unstable political and economic conditions have thwarted Chinese ambitions in the past.
Sep 04 2020nbsp018332Trade tensions may tempt China to accelerate development of African iron ore but analysts say it will have little impact on Australias market share and prices Sep 3 2020 Peter Ker.
Sep 09 2020nbsp018332Jupiter confirmed the IPO for its iron ore assets is going ahead and it appointed a CEO for the new company Mount Mason will be the flagship.
Apr 23 2020nbsp018332The KB 63130 type gyratory crushers will be the largest ever installed in Australia The crushers will process raw iron ore material from the pit and then transfer it to a receiving conveyor The slewing and luffing radial stacker will be used to stack secondary crushed magnetite iron ore onto a stockpile at the mine.
Fortescue orders thyssenkrupp gyratory crushers for Iron Bridge Fortescue Metals Groups FMG Iron Bridge magnetite project in Western Australia will be the recipient of the worlds largest gyratory crushers KB 63130s as it prepares the site to come online in mid2022.
Thyssenkrupp to deliver jaw gyratory crusher to Roy Hill iron ore mine Posted by Daniel Gleeson on 10th December 2019 thyssenkrupp is to install the first above ground jaw gyratory crusher in Australia at the Roy Hill iron ore mine in the Pilbara of Western Australia following an agreement signed with the mining company.
Mount Mason will be the flagship project which makes sense as it has a much lower capex and shorter payback period than Mount Ida.
China Iron Ore Crusher manufacturers Select 2020 high quality Iron Ore Crusher products in best price from certified Chinese Crushing Machine manufacturers Wood Crusher suppliers wholesalers and factory on MadeinChinacom.
Less than two months ago I wrote a SA article discussing the potential IPO of the Central Yilgarn iron project in Western Australia which is a noncore asset of South Africafocused manganese ore miner Jupiter Mines OTCJMXXF My conclusion was that the spinoff would be valued at some 1179 million excash at 75 per tonne of iron ore and assigning a 01x times the net present value to the Mount Ida magnetite project and Mount Mason hematite project which form Central Yilgarn.
On September 4 Jupiter released an update on the spinoff with several important details The IPO is proceeding the new company will be led by Greg Durack the development of Mount Mason will be fasttracked and creative options will be explored to advance Mount Ida Lets go over these details one by one.
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Thyssenkrupp To Deliver Jaw Gyratory Crusher To Roy Hill Thyssenkrupp is to install the first above ground jaw gyratory crusher in australia at the roy hill iron ore mine in the pilbara of western australia following an agreement signed with the mining company located 340 km southeast of port hedland roy hill has integrated mine rail and port facilities and produces 55 mty of iron ore with.
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