The only winner will be CITIC and the Chinese government. Also Clive Palmer.
Australia will rue the day it allowed a foreign government to own its resources.
ARH shareholders, me inlcuded, will get very little if any benefit. Any deal made by ARH with CITIC/Chinese will be that of a servant (ARH) and master (China). We will be lucky to get the crumbs.
The Chinese will become experts in colluding and driving down the prices of commodies. This is the purpose of these mines.
We should thank our governments (Lab and Lib) for such stupid outcomes).
DYOR
ARH Price at posting:
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