http://www.smh.com.au/business/china-to-push-iron-ore-projects-20...

http://www.smh.com.au/business/china-to-push-iron-ore-projects-20121210-2b5md.html

Mr Wang said China would still need to import more than half of its iron ore by 2020 and development of Chinese-owned mines was crucial in breaking the supply stranglehold enjoyed by three big miners: BHP Billiton, Rio Tinto and Vale.

He said the government would offer more support to companies investing in iron ore assets abroad.
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Can only be a good sign.