GREY:ADEXF - Post by User
Post by
rpdelucaon Mar 16, 2012 9:24am
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Post# 19679693
Dangers of China Mining Iron Ore
Dangers of China Mining Iron Ore This is why China cannot rely on a reliable domestic iron ore supply and needs to continue to secure international supplies......
https://english.cri.cn/6909/2012/03/16/189s687248.htm
This is an underground mine they are referring.......actually the majority of China's iron mines are underground. You can imagine the costs involved. And these news stories of miners being killed......are a weekly event. Why are they mining iron ore underground?? Because China has depleted all their higher grade open pit mines......years ago! And whether they are open pit or underground, China has to open domestic mines now with grades averaging 20% Fe.Even though China presently imports 65% of their iron ore requirements......this number is only going to climb higher and higher witheach passing decade......due to the conditions above.