Australia frets new China ironmaking tech will devastate iron ore and metallurgical coal exports
"Experts have unveiled a groundbreaking new innovation in China and it could be absolutely devastating for Australia."
The money stream Northback owner Gina Rinehart relies upon to fund her assault on Alberta’s Rocky Mountains and its politics derives from her father’s success in developing iron ore mines in Western Australia. Now the Aussie mining industry is on the edge of panic that the iron and coal bubble is about to burst.
Will this bubble burst?