语感启蒙经典英文儿歌:Aussie’s iron ore, China’s windfall, Aussie’s...

来源：百度文库 编辑：九乡新闻网 时间：2024/10/06 04:12:03

Aussie’s iron ore, China’s windfall, Aussie’s boon ?



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Billionaires have been created by the huge demand for Australia's plentiful commodities such as iron ore, nickel and coal - most of which ends up in China

China is leasing huge tracts of land in Australia to secure a vital source of iron ore and coal, in the latest sign of its formidable hunger for commodities to fuel its economic boom.

No longer satisfied with purchasing iron ore and coal from Australia's giant mining companies, Rio Tinto and BHP Billiton, China is developing its own mining operations and has funded a port with a 2km long breakwater that juts out into the Indian Ocean.

The Citic-Pacific Corporation's Sino Iron project in the Pilbara region in the far north-west of Australia illustrates the scale of Beijing's ambition.

The open-cast mine - which will become fully operational later this year - promises to be the biggest magnetite iron ore mine in the world.

State-of-the-art hydraulic excavators will dig down some 200m below sea level.

The ore will be crushed in a processing plant powered by an on-site 450MW power station. The iron ore concentrate will reach China on a fleet of purpose-built container ships.

China expects to receive at least two billion tons of iron ore from Sino Iron over the next 25 years.




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'Aussie oligarch'



In return Australia, already China's biggest overseas supplier of iron ore, is guaranteed a steady stream of royalties and taxes.

And the project will generate thousands of Australian jobs - China contributes the finance and the management, not the labour.

Mr Palmer regularly commutes between Australia and Beijing by private jet

But the deal's biggest winner will be Clive Palmer, the larger-than-life entrepreneur who holds the lease on the Sino Iron mine.

His partnership with CITIC-Pacific is one big reason why he's now close to the top of Australia's rich-list.

According to Mr Palmer his mining alliance with the Chinese has barely begun.

He claims to control the mining rights to territory which contains 160 billion tonnes of iron ore. It's a mind-boggling figure - 100 times greater than the entire global output of iron ore last year.

If China's steel mills maintain their current level of demand Mr Palmer is set to become an Aussie oligarch to rival Russia's richest resource billionaires.

A suggestion to which he responds with a smile. "I hope I'm nicer," he says.

Mr Palmer regularly commutes between Australia and his other home in Beijing by private jet. He boasts of friendships at the highest levels of the Chinese government.

Chinese banks seem to trust him. Last year China's Import-Export Bank made available a $5bn (£3bn) loan to finance a Palmer-backed Queensland coal project which is supposed to deliver the Chinese power industry close to a billion tonnes of coal over the next 30 years.



'Hijacked'



But China's emergence as a significant long-term player in the Australian resource sector has raised hackles.

After Rio Tinto came close to accepting a major investment from the Chinese metals giant Chinalco, Barnaby Joyce, Senate leader of the opposition National Party, railed against "Australia's prime sources of wealth being hijacked by a foreign government".


Clive Palmer, himself one of the biggest financial supporters of the conservative opposition, dismisses such talk.

"China is the only country willing and able to invest the billions needed to develop these projects," he said.

"Three hundred million people are moving from the countryside to the cities. The demand is in the People's Republic of China."

But there are good economic reasons for Australians to worry about the long-term impact of the China-driven commodity boom.

The windfall from Australia's minerals exports has strengthened the Australian dollar to a point where manufacturing bosses say their exports are becoming uncompetitive.

In Perth, Australia's mining capital, there are signs of a bubble economy. Restaurants and farms are struggling to find labour as unskilled workers flock to the mines, where the average annual wage is $108,000 (£69,000).

A truck driver in the mines can earn more than a surgeon.

China's thirst for Australian resources also serves to underline an environmental problem facing the Labor government.

Prime Minister Julia Gillard is committed to the imposition of a carbon tax and significant reductions in greenhouse gas emissions - goals that sit uneasily with the continued dramatic expansion of the energy-intensive mining sector. (From BBC)


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