Australian iron ore producers
BHP Billiton and
Rio Tinto have announced that they will increase the quantity of
mining equipment they buy from
China, according to international media sources.
BHP Billiton stated that its expenditure on Chinese
mining equipment would increase to A$6 billion in the coming five years. It is also expected this expenditure will increase to A$1 billion in the current year.
Rio Tinto also stated that it will increase its expenditure on Chinese
mining equipment by 50 percent next year, increasing to A$1.5 billion from A$1 billion in the current year.