SW,
That's interesting indeed.
India apparently import a lot of coking coal for their steelmaking. One of the competitive advantages of our magnetite product is that it requires significantly less (maybe none?) coking coal in the smelting process. Sounds like a good fit for a country like India who are trying to reduce their reliance on coking coal which is quite expensive.
Where would they find a bucketload of magnetite? Hhmmm...
"He however noted that massive investment will be required at the development stage."
http://www.investinaustralia.com/news/india%E2%80%99s-national-mineral-development-corporation-nmdc-acquire-two-iron-ore-mines-australia-65m3
JT
wishful thinking?, page-2
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