EXT excite technology services ltd

rio tinto accepts offer for extract resources, page-6

  1. 45,756 Posts.
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    Tim,

    This could be a reason why they don't want to step on their JV partner's toes.

    http://news.smh.com.au/breaking-news-business/rio-tinto-chinalco-sign-jv-for-simandou-20100319-qkbr.html

    This was what I had suspected all along even before they surrendered their KAH holding. They wouldn't require the urgency to tie up Hathor with such speed unless that was a pre-requisite to let Husab go. Win-win for both camps as I did posted sometime ago that they will get some JV deal with the chinese and let them 'save face' taking over to absolve their back stabbing reneging on the earlier deal. Unfortunately we are the collateral damage.

    I moved on today after the RIO's announcement.
 
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