Word: pilbara
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...would it have been waived through much more quickly - before commodity prices recovered? Now, far from gaining access to a giant iron ore reserves, Chinalco has to watch the two biggest producers in the world - BHP and Rio - do a joint venture with their reserves in the famed Pilbara region of western Australia. It's no wonder that the executive director of China's iron and steel institute was warning about a possible "monopoly...
...inside the fence; 60% outside it. And there's no doubt which side he's on. Brought up on a farm in Victoria's Western District, Pekin took off on holiday in 1990 "and never went back." A hired hand on stations from Cameron Corner to the Pilbara, the dogger has fallen in love with the lure of long distance. "Oh, it's beautiful," he says. "When I camp out at night the skies are clear." One senses he is happiest when he can see forever...
...gateway for Pilbara miners and North West Shelf gas-platform workers, we consult a friendly resident and get a pointer to the location. Back on the peninsula, we walk through tangled, prickly foliage and over jagged rocks. Laden with three cameras, Parker forges ahead alone, the din of Woodside's LNG plant and the whistling wind blocking out attempts at voice contact between us. Parker uses the factory's fiery emission stack to get his bearings until, half veiled in shadow a few meters above the valley floor, he finds what he's looking for: the "climbing...
...Follow the ore. In the ocher landscape of the Pilbara, in Australia's remote northwest, you'll see what China's appetite for minerals can do to a region - and for mining companies and their shareholders. In 2004, Australian iron-ore exports to China increased by 41%. In such a strong market, Chinese steel producers agreed to a 20% price rise. But if miners had been able to dig up the ore and ship it out faster, the Chinese would have bought even more. Mining company Rio Tinto has been selling iron ore to China for three decades...
...Follow the ore. Perhaps a future Chinese president will have gained a Rio Tinto scholarship to study at the Australian National University or honed her engineering skills at a Pilbara mine. Beyond this week's landmark visit by Prime Minister Howard, Australia's quiet revolution will continue. The long view could be just as surprising for 1.3 billion Chinese...