ANS - Execution of Infrastructure Contracts, page-19

You may have a point in your earlier post about mine ownership. At the end of the day, possession is 9/10 of the law. China already scooped up all of Simandou except for RIO's 45% stake in block 3&4.

It's insane that China imported $US 20 billion of iron ore in just one month last year and that IO price at $US 160 (currently $156) China contributes $585 million a day to AUKUS subs. LOL

From the AFR

...With the iron ore price hovering around $US160 a tonne and Australia exporting about 20 million tonnes of ore from the Pilbara every week, the country is earning about $585 million a day from China...

From Bloomberg:

...China imported iron ore worth a record $20 billion in August...

https://www.copyright link/chanticleer/china-s-african-iron-ore-strategy-spells-danger-for-australia-20210408-p57hnm

https://www.bloomberg.com/news/articles/2021-09-07/china-s-iron-ore-imports-hit-new-record-in-boost-to-australia