I am not saying that RIO or BHP are good guys.
However there was a written escape clause in the Chinalco deal and Chinalco will reap $290 million withdrawal fees.
You cannot go around locking up people just because a commercial deal does not go your way.
The Chinese Government are not nice guys if things do not go their way, they do not operate by the rule of law.
Chinese steel companies have not honoured previous buy contracts with RIO and BHP which has cost those companies some $6 billion dollars, this has hardly rated a mention.
The Chinese President okayed the arrest and the Chinese are throwing their weight around. This is a precursor of what the Chinese will be like as they become more powerful.
I can bet my bottom dollar there will be a conflict in future between the USA and China, as China muscles up and trys to exert more and more influence.
I am not saying that RIO or BHP are good guys.However there was...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$121.33 |
Change
2.020(1.69%) |
Mkt cap ! $45.03B | |||
| Open | High | Low | Value | Volume |
| $118.69 | $121.55 | $118.37 | $111.5M | 926.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2612 | $121.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $121.42 | 886 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |