That's an interesting point that you make about China wanting high grade ore to help with emissions.
There is a massive question mark there, not about whether they want high grade ore but whether they want to buy it from Australia. Keep in mind they refuse to take higher grade Australian coal in favour of getting it from other markets. worst thing is that our supposed closest allies like Canada and USA step in to supply coal to China when Australia lost the market. who needs enemies when we've got friends like these.
If the company is relying on China then it's potentially going to be in big trouble selling all of the ore
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