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It is reported that Western Australia invited China to invest in a AUD 5.94 billion port and rail project that aims to open up a new iron ore province in the state Mid West after recent stripping a Mitsubishi Corp led venture of exclusive development rights.The state government wants to unlock the potential of the largely untapped region and transform it into Western Australia second major iron ore output hub behind the Pilbara which accounts for nearly 40% of all trade in the key steelmaking ingredient by sea