minerology perhaps takeover balmoral south

any1 have any thoughts on if arh could be taken over from minerology owned by clive palmer like waratah coal was which is now china first coal project. on the resourcehouse website is the balmoral south the proposed china first iron ore project ? seems smart by clive now that the port is finished and mcc construction could be moved from neighbour citi pacific. not sure if it is arhs deposit or there is another 1 near by. if it is the china first iron ore project would if it does happen to start work on the mine be taken over before they start which on the resourcehouse sight predicted to start in the second quater 2011 or would it be a longtime before we hear anything.? thanks