Clearly Gina - Twiggy are diversifying from iron ore fortunes to renewables. For good reason re future demand - supply with the massive Simandou project in Africa coming online in 2026. Still - big OZ iron ore miners can make profits at $50t but there profits and share prices will be impacted.
Therefore I can see investors/instos acting on what Gina and Twiggy are and shift very large monies to renewables such as ARU to name one in the future.
Ann: EDC provides conditional approval for US$300m debt facility, page-23
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