Mount Gibson Iron (ASX:MGX) is well positioned to capitalise on buoyant demand for Australian iron ore as it targets first sales from its Shine direct shipping iron ore project in WA for mid-2021.
They will also cooperate in bonded-area operations and trade and jointly build an iron ore blending and distribution center in northeast Asia, according to the MOU.
[Ferro-Alloys.com] Australia's exports of goods to China fell by more than 26% in August, sparking fears of deteriorating relations between the two countries.