Frustrated by financing delays, Western Australia invites China to take part in a $6B port and...

|By:, SA News Editor

Frustrated by financing delays, Western Australia invites China to take part in a $6B port and rail project to open up a new inland iron-ore province. This one project alone will increase worldwide iron-ore exports by 10% over current levels. Previously, Mitsubishi Corp. (MSBHY.PK) had exclusive development rights.