Comments on: Iron ore: Australians 1 Chinese 0

By: Guest

Guest — Mon, 08 Jun 2009 22:38:19 +0000

Looks like the free trade talk between Australia and China is dead!!!!

By: LL

LL — Fri, 05 Jun 2009 18:16:03 +0000

If double-dealing, and the hypocrisy of allowing the merger of BHP-RIO under the anti-trust laws is how you perceive winning, then yes – Australia 1, China 0.

By: Nikkei 225

Nikkei 225 — Fri, 05 Jun 2009 13:32:14 +0000

Great deal this makes BHP and Rio the largest iron ore supplier in the world with a supply of around 270 million tonnes of iron ore a year. A smart move for Australia as well as they have a dominant player with the power to control future iron ore prices, Chinalco probably won’t like this deal but selling a large stake of Rio would have been like selling the cow intstead of the milk.