Equatorial Resources Says West Africa Will Supply China Iron Ore

Mining Weekly reported Equatorial Resources (ASX:EQX) says Central and West Africa will be the world’s next major supplier of iron ore.

As quoted in the market news:

Speaking on the first day of this year’s Africa Downunder conference, Equatorial MD John Welbornsaid that by 2015, China would import some 50% of its iron-ore from Chinese-owned mines elsewhere in the world, which meant resolving the issue of alternative sources of supply.