Splendid !
Thanks to BHP and Rio, Chinese IO miners keep their jobs while thousands of Aussie IO miners lose theirs.
While our government is going broke (Standard & poors and JP Morgan just warned of AAA credit rating at risk) with a $50 Billion budget blackhole increasing everyday all the while helping the Chinese to their biggest trade surplus and (according to Cliffs) $80 Billion of global IO EBITA has been wiped out thanks to Walsh and McKenzie.
No wonder China just increased her defence spending to $200 Billion when the ADF struggled to get a modest pay rise.
Splendid ! Thanks to BHP and Rio, Chinese IO miners keep their...
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