Recently, urged by Nippon Steel, West Australian Premier Colin Barnett start to talk about larger royalties on Pilbara iron ore joint venture between BHP Billiton Ltd and Rio Tinto Ltd, according to market news.

Main importers of Australia iron ore believe the iron ore would be driven higher by the combined effort of the world’s 2nd and 3rd largest iron ore miners

The iron ore giants have already canceled the plan to co-market some of the iron ore from the joint venture under pressure of criticism of anti-competitive.