Ann: Half Year 2024 Exceptional Items Update, page-30

US and our politically aligned "West" only pays in lip service. China is the only one who pay with their cash. We sell 80% of product to China and that's not going to change for the foreseeable future. India may be a big market but it will never offer the same price as China, if Iron ore is barely profitable at USD$100/tonne, how could we sell to India who can only pay $50. In relation to Chinese investments in politically unstable region, they are only unstable from our perspective. To the Chinese when they come to Australia they get spat in the face and when they go to Indonesia or Africa they get the red carpet treatment. They have plenty of ways to deal with these regimes. We had one chance to get generational investment into our miner sector and blew it based on ideology, they are now invested elsewhere and will never come back.