rio tinto iron ore sales team arrestd in china, page-100

RIO is now in big trouble. I hate to see this happening. But RIO has driven CSIA to the last ditch without even 0.1% price concession over the negotiation of Iron Ore pricing. RIO certainly has not learned Su Tzi War art. What a shame. AS to the spy incident, so far Rudd is responding on the right tract. But If the spy incident does get escalated, RIO will be most likely out of Chinese market In that case, the share price will slump below $20 for sure. Remember that not only can China increase iron ore import from Vale , BHP and Russia as an alternative, but also can switch on producing their own low quality massive iron ore as the last resort.