 In 2014, API JV partners Baosteel of China and Aurizon undertook a $1.4 billion takeover of fellow partner Aquila Resources.This, combined with falling prices for iron internationally, led to uncertainty among stakeholders – including Baosteel, Aurizon, South Korean steelmaker POSCO and transnational private equity company AMCI – regarding the viability of WPIOP.According to Nick Evans of "The West Australian"