Blatant Monopoly Formed

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.

www.find.co.uk...

Estimated iron ore production in million metric tons for 2006 according to U.S. Geological Survey[2] Country Production
China 520
Australia 270
Brazil 250
India 150
Russia 105
Ukraine 73
United States 54
South Africa 40
Canada 33
Sweden 24
Venezuela 20
Iran 20
Kazakhstan 15
Mauritania 11
Other countries 43
Total world 1690