China diversifies iron ore sources amid strained ties with Australia
Chinese companies are diversifying their exploitation of iron ore in Africa at a record pace amid soaring prices and strained relations with Australia, which experts said signals that China is reducing reliance on “unfriendly” Australia for this key resource.
They urged Australia to correct its mistakes and steer the worst-ever relationship with China back to normal for its own long-term benefit.
A consortium of three Chinese companies signed a memorandum of understanding with Algerian National Iron and Steel Co on March 30 to exploit iron ore in the North African country, the Xinhua News Agency reported.
China Diversifies Iron Ore Sources Amid Strained Ties With Australia
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Après El Arja, l Algérie botte en touche l accord de Gara Djebilet
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Chinese consortium signs MOU on Algeria iron project
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February 26, 2021
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Today is Saturday, Feb. 27, the 58th day of 2021. There are 307 days left in the year.
Today’s Highlight in History:
On Feb. 27, 1933, Germany’s parliament building, the Reichstag (RYKS’-tahg), was gutted by fire; Chancellor Adolf Hitler, blaming the Communists, used the fire to justify suspending civil liberties.
On this date:
In 1922, the Supreme Court, in Leser v. Garnett, unanimously upheld the 19th Amendment to the Constitution, which guaranteed the right of women to vote.
In 1939, the Supreme Court, in National Labor Relations Board v. Fansteel Metallurgical Corp., effectively outlawed sit-down strikes.
In 1942, the Battle of the Java Sea began during World War II; Imperial Japanese naval forces scored a decisive victory over the Allies.