Similar to the Hanlong-SDL deal.It makes sense for Mitsubishi to...

Similar to the Hanlong-SDL deal.

It makes sense for Mitsubishi to buy out Crosslands and OPR to simplify the ownership structure, then onsell a stake in OPR to a Chinese entity.

Its easier for China and Mitsubishi to deal with each other directly than having an sluggish obstacle involved (in this case MMX or formerly Paul K).

Mitsubishi made it clear they cannot afford a $10b bill in funding everything solely.

I rather these assets in the hands of Mitsubishi and Chinese entities, than a sluggish MMX who makes big promises but fail to deliver.

This is for the good of MMX holders and for the good of the wider Midwest iron ore miners like GBG, GWR, EMG, etc.

http://au.news.yahoo.com/thewest/business/a/-/wa/11910079/mystery-buyer-for-murchison/

http://au.news.yahoo.com/thewest/business/a/-/wa/11921347/oakajee-restructure-crucial-for-project-barnett/