I just wonder how long before they accept that if Vale gets into the Pilbara you will not get them out.
I had thought a Chinese company may attempt a takeover of Fortescue but by China effectively funding a Vale move, they get in through the backdoor. But the morons at BHP would probably prefer to throw more billions at Oil & Gas where they have no global competitive advantage.
News: Vale-FMG tie-up positive for Chinese market - Hunan Valin chairman, page-13
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