"So china will not spend $1.4B (drop in the ocean) to acquire an IO province that will give her a say in IO pricing and have it handed on a silver platter to Glencore, Posco and Indians (at a price LOWER than what the CDB paid) ??"
Why China bother really ?
As a key importer of IO, China have already gained the power to call the final shot on any international mergers creating market monopoly.
Look at how Ministry of Commerce of the People's Republic of China goes about, delaying the Glencore-XStrata merger atm.
The final approval conditions from China may involve some Chinese resources companies to buy off some key assets from the GlenXstrata entity.. to prevent market monopoly they may claim:).
FMG won't dare to takeover SunDance without approval from their existing Chinese customers. It calls importers power, so look it up:)
SDL Price at posting:
10.7¢ Sentiment: None Disclosure: Not Held
