This was the intro from the above article:
“Rio Tinto is entering a phase of elevated spending on new and existing mines in Australia's iron ore heartland, warning investors its mines were becoming deeper, wetter and generally more expensive to run after half a century in operation.
China's demand for iron ore has been stronger than expected in 2019, and Rio warned that depletion of mines would occur swiftly, meaning new greenfield mines would need to be built........”
Iron ore price, page-17157
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