iron ores
Australian mining giant BHP Billiton (BHP) is planning to build a $US5 billion worth of iron ore hub in West Africa after facing uncertainty in its local expansion plans due to the resource super profit tax (RSPT) proposed by the Australian Government. BHP is planning to boost its operations in West Africa through Guinea and Liberia due to some political improvement in the region and increased buoyant demand for steel which saw record prices for iron ores.
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