Should BHP, Rio Tinto and Vale learn from Chinese rivals?

MANY OF THE world’s richest deposits of iron ore and copper predate the breakup of the last supercontinent, Pangaea, around 200m years ago. Tectonic shifts subsequently scattered the global economy’s two favourite metals around Earth’s surface. An abundance of the iron ended up in what are now Australia and Brazil. Prodigious seams of pre-Pangaeatic copper settled in places like central Africa.

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