Do you think China's iron ore discovery may hit India's exports?
Korea to feed its high speed industrial growth. But the situation may change dramatically in future with Chinese geologists discovering Asia\'s largest iron ore deposit in northwest China.
The Bureau of Geology and Mineral Resources Exploration in Liaoning Province has announced it has found an iron ore deposit with an estimated reserve of more than 3 billion tonnes. It will take some time before any of the ores is actually mined but it is good news for the planners in the National Development and Reform Commission in Beijing, who maps the long-term trajectory of development.
The iron content in the ores, which is an important aspect for the steel industry, ranges between 25% and 62%, the ...more