WEEK IN REVIEW: Sino-Australian Joint Venture to Develop Africa’s Largest Mine in Guinea Edges Closer

Aerial view of the world's largest iron ore deposits at the Simandou mine in Guinea. Image via Rio Tinto.

The Sino-Australian joint venture to develop Africa’s largest mine in Guinea edged closer to reality on Wednesday when Rio Tinto’s board approved $6.2 billion for the project. Next, a consortium of Chinese partners must get their boards to do the same to build the mine, rail, and port developments needed for the $20 billion venture. (FINANCIAL TIMES)

The U.S. House of Representatives reaffirmed its support of the Quadrilateral Security Dialogue, aka the “Quad,” that’s intended to counter China’s growing influence in the Asia-Pacific region. The House on Friday passed a bill that directs the State Department to boost cooperation among the group’s four members, which also include Japan, India, and Australia.(DECCAN HERALD)

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by Eric Olander

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