Business Recorder - Business & Finance - Industry https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 22:19:54 +0500 Thu, 13 Aug 2026 22:19:54 +0500 60 China investment in overseas iron ore mines https://www.brecorder.com/news/5017/china-investment-in-overseas-iron-ore-mines <p class="MsoNormal"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/china-ore.2.jpg" width="400" height="265" /><span style="font-size: 10pt;">KARACHI: China has intention to boost investment in overseas iron ore mines to confront the" international monopoly" on sea-born trade in the raw material used to manufacturing steel said by an industrial association in a statement. </span></p> <p class="MsoNormal"><span style="font-size: 10pt;">Iron and steel association expressed their concerns that domestic companies should increase the business stakes in ore mines around the globe to reduce the import bills.</span></p> <p class="MsoNormal"><span style="font-size: 10pt;">Chinese companies have been investing huge amount in iron ore mines in </span>Australia<span style="font-size: 10pt;">, </span>Africa<span style="font-size: 10pt;"> and </span>South America<span style="font-size: 10pt;">, already.<br /></span></p> <p><center><span style="font-size: 10pt;"><b><i>Monitoring Desk, 2011</i></b><i></i></span><br /></center></p> KARACHI: China has intention to boost investment in overseas iron ore mines to confront the" international monopoly" on sea-born trade in the raw material used to manufacturing steel said by an industrial association in a statement.

Iron and steel association expressed their concerns that domestic companies should increase the business stakes in ore mines around the globe to reduce the import bills.

Chinese companies have been investing huge amount in iron ore mines in Australia, Africa and South America, already.

Monitoring Desk, 2011

]]> Business & Finance https://www.brecorder.com/news/5017 Mon, 28 Feb 2011 10:46:19 +0500 none@none.com (Muhammad Iqbal)