"BHP chairman sounds warning on foreign investment
BHP Billiton chairman Don Argus says Australia needs policies to ensure foreigners do not squeeze out locals to invest in the country's natural resources.
Mr Argus said Australia must make certain the right "economic rent" is charged for access to mining assets.
"How do we encourage ongoing local investor participation in these growth opportunities?"
So BHP only want the Chinese as customers and do not want to see Australian iron ore juniors make it to producer.
Big Bully Tactic by BHP. No Rail No Port Access No MGS No investment by the chinese.
Cheers,
UMC Price at posting:
$1.27 Sentiment: Hold Disclosure: Held