The WA Premier would not have the same fears about AQA and the funding of Anketell, as he does about the Midwest. His main issue in the Midwest is the lack of formal involvement of the Chinese in the development of Oakagee. He is a realist and understands that Chinese funding of big resource projects in the current financial climate is essential. AQA have already formalised their relationship with Baosteel who have equity in AQA. Chinese funding for AQA and Anketell would be likely given the low FOB cost.
On another note, if Vale aren't attemtpting to drive down the share price and position themselves for a takeover then they are shooting themselves in the foot. The project delays and profit loss affects them even if they are a global company. $20 a share would do it I think.
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