11.03.2013 - China miners: Who’s the daddy?
For all its riches, China has a problem that money cannot solve: its reliance on the world’s biggest miners to meet its resources needs. While it is home to significant resources, it lacks a contender to BHP Billiton, Rio Tinto and Vale. Hence Beijing’s irritation recently when iron ore prices hit 16-month highs. Last week, its top economic planning body accused the world’s biggest mining companies of manipulating the iron ore price...............................................Full Article: Source
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