Totally agree with you Pegg.....
From Australia's aspect the Chinese have absolutely swallowed up the Midwest. More Chinese involvement in Iron Ore would be the worst thing to eventuate. This is very good news. Makes a lot of sense from BHP and Shareholder perspective. A lot of cost saving which is why this JV has always made the best sense. To be honest RIO management at all levels is terrible so a breath of fresh air from BHP will definitely steer things in the right direction.
50:50 bhp rio iron ore joint venture, page-4
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