If authorities / customers (here I mean China!) are afraid that the BHP-RIO tie up will reduce competition then they should take ation to support the plans of the remaining Iron Ore players in the Pilbara.
FMG and the juniors need partners for funding and would welcome moves to now get access to the BHP, RIO rail and port facilities. If there is demand for the Iron Ore then the government / infrastructure companies should come to the fore and get these projects built.
It would really be good if approval of BHP - RIO is linked with giving the others rail access. Rather than blocking the deal China should consider how it could help finance rail and port facilities to speed up the time needed for the Juniors to start bringing their ore to Market.
BR Max
AGO Price at posting:
$1.90 Sentiment: LT Buy Disclosure: Held