This could go under either SDL or Rio.
If Wayne Swann gives the go ahead for Chinalco's investment in Rio will it have a material effect on SDL and other African IO juniors?
My initial reaction is that it will be a negative for SDL as it will give the Chinese government defacto control over some of the best iron ore assets on the planet.
Now I know that the deal wont go ahead if control is effectivly delivered to the Chinese, but we are all grown ups here, and with the $$$ being spruked I think the Chinese government will be able to through it's weight around.
I'm also a RIO shareholder, but brought in many years ago hoping to get to $20.00. Personally I'm against the Chinese deal as I believe that it will effectivly hamstring Rio in years to come, and has the potential to turn Australian Government economic policy into a diplomatic night mare. However given Mao Tse Rudds affection for Bejing I can't see the deal being knocked back.
What are your thoughts?
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will rio chinalco deal effect sdl?
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