Baosteel and Aurizon (WPIOP) Should be the new paradigm of China- Austalia corporation in mining….
By 2017 the new trade agreement between the two countries should be in full flight and China’s economy should be steaming ahead … with more efficiency and equity.. That’s what president XI wants and that’s going to be.. and by then we should have our mine up and running…
All parties should Learn from the mistakes of their predecessors
*** Aussies should not overcharge the Chinese when they are in need, like what happened to iron ore prices when reaching $180;“The Chinese steel industry — and the Chinese government, which guides purchasing policies — has been reluctant to rely exclusively on Australia and Brazil, given its past difficulties. In the years before the global financial crisis, such players sharply increased ore export prices."
“There is a strategic imperative — China does not want to be solely dependent on Australia and Brazil,” said Tim Huxley, chief executive of Wah Kwong Maritime Transport Holdings, a big Hong Kong shipping company active in carrying iron ore to China. “They’ve done that before, and it cost them a lot of money.”
With the WPIOP China would have a reliable supply of top quality ore that they control its extraction and shipping.
*** Chinese should avoid labor practices they used in Africa … PNG ,,.. and back home.. This will cause locals to rebel and make problems.. I think parties should reach a consensus to not pay mine truck drivers $200k when other aussie drivers are happy with 100k… also not to pay them according to how many hours and KMs they drive… Below is an example of things in Malaysia;
To avoid potential labor issues, Mr. Li has largely imported workers, who are not unionized. CAA Resources brought in about 40 mining engineers, accountants and other professionals from China, and filled the rest of its work force with laborers from low-wage countries like Cambodia, Myanmar and Vietnam. The workers are on 12-hour shifts, up to seven days a week, and are paid based mostly on how much iron ore each shift can produce, Mr. Li said."
I am confident that Baosteel, being such international renowned company will build an extraordinary successful mine with Cino- Oz experience and talent..
I’ve been following this project for many years and I hope to see it come through.. Today, Many tell me it's wishful thinking... but for me I live for tomorrow... and I know when I'm on a good thing...
Statements used are extracts from a recent Nytimes article… Link below.
http://www.nytimes.com/2014/11/20/b...ysia-for-cheap-iron-ore-and-profits.html?_r=0
Nice weekend all...ZZ
(20min delay)
