Yeah I know what you mean but we sell our ore to asia much cheaper than the Brazilians do because of our location. ie. shipping is cheaper. Last time BHP tried to negotiate a more reasonable price ( closer to Br ) they were undermined by Rio. However this time Rio is backing BHP and Fortescue is backing both of them which in return will create an even bigger windfall for Fortescue if it comes off.
Yeah I know what you mean but we sell our ore to asia much...
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