The power is not with BHP, RIO or Australia. The chinese hold...

The power is not with BHP, RIO or Australia. The chinese hold all the cards.

If China wants to play hard ball (if Australia frustrate the PRC in the SDL takeover), Beijing will simply cancel 200MTA of imports from RIO/BHP and place the order with Vale (who has an abundant excess of ore thanks to the collapse in demand of their traiditonal non-China market.

The net result is that our government (already broke) wil make Australia sink even faster and deeper.