Men of steel: Hu Yaobang and Bob Hawke survey the Pilbara's mountains of iron in 1985.
Men of steel: Hu Yaobang and Bob Hawke survey the Pilbara's mountains of iron in 1985.
THE seeds of Australia's resources boom were sown a quarter of a century ago by two visionary leaders on an outback hill.
China's then Communist Party boss, Hu Yaobang, had flown with then prime minister Bob Hawke to see for himself the mountains of iron that were said to cover the Pilbara in Western Australia.
''If we take the long-term perspective, the profits will be huge,'' Mr Hu told his host on his 1985 Australian tour, according to Chinese records of the trip.
And he added: ''If someone asks me whether our opening policy will change, my answer is no.''
Mr Hawke's invitation to premier Zhao Ziyang a year earlier to invest in an Australian iron ore mine had helped give the Chinese leadership the assurance of supply they needed to open up and then hugely expand their steel industry.