I feel you may be correct in your opinion in relation to Rio taking over FMS. BHP took over UMC this year in a deal worth $1.30, which was a premium of 43% above the share price.
UMC's iron ore deposit has an indicated and inferred resource of 122.36 million tonnes of quality ore. It is located right near BHP's rail line. FMS is near Rio. Fun times ahead.
try and get fms today as railnews is very soon, page-18
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