Hi haemitite.
I thought the iron ore mined in China was very low grade and very deep under the surface,in fact in a lot of cases around 1kl or more under ground.
I also thought I read that iron ore in China cost around $150 per tonne to get it to the steel mill furnace.
I stand to be corrected.
SDL Concentrate and Pellet's were to be also bought by the Arab States.
Regards
Westcott.