big news-Sinosteel have stopped all work at their Weld Range minesite, saying delays with the port are costing too much.
Sino are a foundation member in the OPR game.http://au.finance.yahoo.com/news/Sinosteel-shelves-2b-iron-ore-abc-696378836.html;_ylt=AtTrLWG1ymmWMb8QSzlOOF7CWo9G;_ylu=X3oDMTE4NmM5bG1zBHBvcwMzBHNlYwN5ZmlUb3BTdG9yaWVzBHNsawNzaW5vc3RlZWxzaGU-?x=0
Great news
Hopefully no massive port that takes Capes class ships. instead keeping a great bit of coast that has a few gems there.
The iron they are looking at through the mid west comes from areas known as banded iron formations (BIF), these ranges host a wide range of flora and fauna found no where else in the world.
No port, no mining, I'm all for it.
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youse lot are unaustralian
whats a tree a bird a plant a marsupial ever done for you
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its not all over yet-I wouldnt mind betting its a chinese bluff to wrest more control and leverage from the Australian side.
No Chinese company is autonomous from their government.
