The Sino-Australian joint venture to develop Africa’s largest mine in Guinea edged closer to reality on Wednesday when Rio Tinto’s board approved $6.2 billion for the project. Next, a consortium of Chinese partners must get their boards to do the same to build the mine, rail, and port developments needed for the $20 billion venture. (FINANCIAL TIMES)
The U.S. House of Representatives reaffirmed its support of the Quadrilateral Security Dialogue, aka the “Quad,” that’s intended to counter China’s growing influence in the Asia-Pacific region. The House on Friday passed a bill that directs the State Department to boost cooperation among the group’s four members, which also include Japan, India, and Australia.(DECCAN HERALD)