South Africa becomes China's third biggest iron ore supplier | | Gold and What Moves it. |

Marc Howe writes:


South Africa has become the third largest supplier of iron ore to China as rival exporter India struggles to overcome troubles in its mining sector.


Business Day Live reports that exports of iron ore from South Africa to China leapt a stunning 12% to 40.6 million tonnes in 2012 compared to 2011, while Indian exports plunged nearly 55% to 33 million tonnes.


India implemented a strict crackdown on illegal operations in its mining sector last year, stanching overseas sales of iron ore to the immense benefit of international competitors. ...