Agreements for the Second Extension of the Channar Joint Venture between Sinosteel Australia and Hamersley Iron were signed on 15th April 2016 which extended the joint venture for a further three years and for its production to increase to 180 million tonnes. The agreement was signed in the presence of the Chinese Premier Li Keqiang in the Great Hall of the People. The Heads of Agreement for its extension was signed in the Parliament House in Canberra in the presence of Chinese President Xi JinPing and the Australian Prime Minister Tony Abbott.