My read, for what it worth : Chinese Govt is becoming increasingly concerned an alternate bid may threaten their securing of this strategic asset. They release this article as a means of reinforcing to Hanlong & SOE's their expectation that this deal must happen.
Previous delays have been them playing ducks n drakes while they manipulated the IO price down thru running stocks down & thereby giving perception of lower "demand". They know that as their steel mills start to replenish stocks from their current record low inventory levels that the IO spot price will go 160+ / tn.
China cannot afford for Japan or one of the big iron ore miners to take mbalam from them.
BOL to all holders. Payday is not far away now :)
Cheers
Z
My read, for what it worth : Chinese Govt is becoming...
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