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Australia - Latest news GMK Center

Photo – Rio Tinto and China Baowu will create a joint venture for iron ore mining in Australia
Rio Tinto and China Baowu will create a joint venture for iron ore mining in Australia

The cost of the project will be $2 billion, the agreement must be approved by the governments of Australia and China

Photo – Fortescue cuts profit by 40% in 2021/2022 financial year
Fortescue cuts profit by 40% in 2021/2022 financial year

The company's financial indicators decreased against the background of falling prices of iron ore due to a decrease in demand in China

Photo – Australia canceled tariffs on pipes from China and South Korea
Australia canceled tariffs on pipes from China and South Korea

South Korean exporters were subject to anti-dumping duties of 6.2%, two Chinese producers were subject to 2.9% and 19.7%

Photo – Australia canceled tariffs on Ukrainian imports for a year
Australia canceled tariffs on Ukrainian imports for a year

In 2021, Ukrainian imports to Australia amounted to about $122 million

Photo – China to increase iron ore imports with centralized purchases – FT
China to increase iron ore imports with centralized purchases – FT

The government wants to increase its influence on pricing and increase domestic production

Photo – Australia to impose 35% duty on products from Russia, Belarus
Australia to impose 35% duty on products from Russia, Belarus

The country ratching up economic sanctions in response to Russian invasion of Ukraine

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