China loses grip on Indian Ocean as economy continues to sink


Within the high walls of Zhongnanhai, the sprawling Chinese Communist Party leadership compound in central Beijing, there would have been conniptions after Maithripala Sirisena ran over the top of incumbent Mahinda Rajapaksa in last Thursday’s…

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Fortescue under scrutiny as Australian crisis deepens


Debt laden Fortescue Metals Group, the world’s fourth largest iron ore miner by production volume, is coming under growing market scrutiny amid slowing economic growth in China, the biggest importer of the commodity. Iron ore…

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Vale’s maxiships to hit China – bad news for FMG


As the iron ore price continues to hover just above US$60 per tonne close to a six year low, there is more bad news looming for Australian iron ore producers. China is preparing to finally allow the…

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