FIRB approval process can take as little as a few weeks.
The only time Swan really dragged his feet was with Chinalco - RIO.
He deliberately extended it by 3 months after the original assessment period (to buy time for BHP to negotiate a IO JV with RIO).
It also bought crucial time for the stock market to recover for RIO to do a massive capital raising so that it could pay down debt for the Alcan acquisition.
Sino getting hold of MMX doesn't matter so much anymore to the government.
FIRB decision will be prompt.
MMX Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
