FMG 1.21% $21.26 fortescue ltd

BHP terrified NOT just IO dumping probe ?

  1. 10,494 Posts.
    That in the process of being probed for predatory dumping, other smelly stuff may start to also ooze out.

    http://www.hellenicshippingnews.com/bhp-rio-tinto-face-political-heat-in-australia-over-strategies/

    BHP Billiton and Rio Tinto face mounting political pressure in Australia over taxes and flooding the global iron ore market while the price of the steel-making commodity plummeted.

    Independent federal Senator Nick Xenophon has called for an inquiry into the impact on the Australian economy of falling prices caused by oversupply.

    The state’s Labor Party Shadow Minister for Development, Bill Johnston, is calling for a probe into why government approvals were granted for mine expansions.

    Johnston also wants the investigation to look into whether Singapore marketing offices established by companies including Rio Tinto and BHP, allow them to reduce how much is paid in state royalties.
 
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