China bankrolls Africa railroad to cut Australia iron-ore reliance - News Summed Up

China bankrolls Africa railroad to cut Australia iron-ore reliance


TOKYO -- While China-Australia relations seem to be thawing, Beijing is slowly but surely moving to cut its dependence on Australian iron ore.Last Friday, mining giant Rio Tinto and a consortium of Chinese state-owned enterprises announced that they had concluded key agreements with the government of Guinea to build a trans-Guinean railway capable of carrying iron ore from the west African nation's inland to the coast.


Source: The North Africa Journal August 14, 2023 17:23 UTC



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