The metals giant Sinosteel has already invested US$1.4 billion in West Australian Oakajee iron ore project in order to revive steel industrial in Australia. For more than twenty years, miners tried hard to develop a port near Geraldton since Australia owns millions of tons of iron ore but it was so difficult. The deputy director of Sinosteel Wen Liang Pan said that the project cannot advance without rail and a deep water port near Geraldton. Sinosteel tends to consider some areas with coastline, also will have a deep discuss in Sydney next week. This year earlier, the Japanese partners of West Australian mining project suspended all work on the development, not known news from Muchison and Mitsubishi whether consider stopping as well.
