(Matthew Dunn’s post from the YAHOO! NEWS on 27 October 2026.)
China’s huge mining move 11,000km
away sparks grave fears for Australia: A massive new mining project in Africa
could threaten one of Australia's biggest money-makers, with experts warning
billions of dollars are potentially at stake.
China's growing investment in
Guinea's massive Simandou iron ore project could threaten Australia's lucrative
mining exports, with billions of dollars potentially at stake. Australia's
biggest export industry is facing a multibillion-dollar threat from a massive
$30 billion Chinese-backed mine in Africa, sparking fears that funding for
essential mining services and jobs within the sector will be impacted.
For decades, Australia's economy has prospered on iron ore exports — the essential raw material behind global steel production for infrastructure, housing, and vehicles. WA's Pilbara region generates over $100 billion annually from iron ore sales to China, however the emergence of the massive Simandou mine in Guinea allows Beijing to diversify its steelmaking supply and reduce its reliance on Australia.