posted on Jun, 17 2009 @ 07:38 PM
The two largest mining companies, BHP Billiton and Rio Tinto are going into a 'joint venture' in Australian iron ore production. Australia is the
second highest producer of iron ore in the world - and the largest exporter (also largest exporter of coal).
This monopoly was formed because Rio Tinto was caught out by the economic collapse - it had too much debt - they had recently shelled out big bucks
for an aluminum business. A Chinese national company had all but signed the paper work to bail out Rio's debt - the terms were incredibly generous
to Rio, the Chinese offered an open cheque book to clear its debts. However, the deal was suddenly shelved without warning, and BHP Billiton stepped
in to buy up some of Rio's debt - and also enter into joint iron ore operations.
This is total crap - its an obvious snub to the generous Chinese offer - and the iron ore monopoly is extremely threatening to China - the largest
importer of iron ore in the world.
Looking over the board of directors of BHP Billiton, the Bilderscums finger prints are obvious.
This is another attempt to control China, which I think is fairly free of the Bilderscums control at the moment - (except for the threat to its US
reserves by attack on the dollar).
Anyhow - here's some links - more evidence of illegal and nasty accumulation of power into the hands of our enemies.
Estimated iron ore production in million metric tons for 2006 according to U.S. Geological Survey Country Production
United States 54
South Africa 40
Other countries 43
Total world 1690