sinosteel increases interest in midwest , page-3

The fight for control of mis is not about its ore reserves and the parlous state of their exploration but about who controls and operates the infrastructure to be built in the next 3 years.

Will it be mis(sinosteel)/yilgarn with chinese capital and a float or mmx/mitsubishi using own capital and a float. MMX are favoured to win the tender due to experience of mitsubishi team.

But no one really knows who will win.

However, if mmx takes over mis, which seems unlikely at the moment, then there would be no competition for the tender as mmx automatically win. MMX s/holders would probably get preference in the float of the infrastructure company which would cause mmx s/p to explode beyond expectations.