Mining Boom Not Finished, Says Baosteel Chief

The head of China’s largest iron ore customer told Australian Trade Minister Andrew Robb that the mining boom is not over and that demand for ore will remain strong, The Australian reported.

He Wenbo, president of Baosteel, also told the minister he was pleased with tax changes proposed by the new coalition government.

As quoted in the market news:

Mr Robb, who met Mr He at the start of a three-day trip, said the Baosteel chief was pleased with the Coalition’s promise to roll back the carbon and mining taxes put in place by Labor. 

Read the full story in The Australian