how clive acquired the deposit originally

He paid Hanna Mining an option fee for its iron ore deposits and, with Kaiser Engineering, flew to Moscow to negotiate with the then Soviet president Mikhail Gorbachev and Kremlin functionaries about mining projects in Australia. "At the conclusion of three weeks in Moscow, the Russians offered us $3 billion worth of cinnamon, cinnamon that you put on toast," he said. "It was a bit of a disappointment.

From The Age Newspaper