Comments on: With Rio Tinto’s Snub of Chinalco, Aussie Backlash Against China’s New Capitalists Continues to Escalate http://www.moneymorning.com/2009/06/12/rio-tinto-chinalco-3/ Investment News Provider Thu, 19 Nov 2009 15:36:16 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Buy, Sell or Hold: BHP Billiton is the World's Premier Commodities Mining Play http://www.moneymorning.com/2009/06/12/rio-tinto-chinalco-3/comment-page-1/#comment-27741 Buy, Sell or Hold: BHP Billiton is the World's Premier Commodities Mining Play Mon, 19 Oct 2009 08:32:01 +0000 http://www.moneymorning.com/?p=7698#comment-27741 [...] June, for example, BHP reached a $116 billion deal with Rio Tinto PLC (NYSE ADR: RTP) that will allow the two mining giants to merge their Western Australia iron-ore operations.  Also, they are in a friendly $200 million takeover of United Minerals, which has deposits [...] [...] June, for example, BHP reached a $116 billion deal with Rio Tinto PLC (NYSE ADR: RTP) that will allow the two mining giants to merge their Western Australia iron-ore operations.  Also, they are in a friendly $200 million takeover of United Minerals, which has deposits [...]

]]> By: Investment News Briefs http://www.moneymorning.com/2009/06/12/rio-tinto-chinalco-3/comment-page-1/#comment-24180 Investment News Briefs Fri, 10 Jul 2009 06:16:23 +0000 http://www.moneymorning.com/?p=7698#comment-24180 [...] country,” The Wall Street Journal reported. The accusation puts a strain on an already tense business dispute between Rio Tinto and Aluminum Corp. of China (NYSE ADR: ACH), known as Chinalco. Chinese foreign [...] [...] country,” The Wall Street Journal reported. The accusation puts a strain on an already tense business dispute between Rio Tinto and Aluminum Corp. of China (NYSE ADR: ACH), known as Chinalco. Chinese foreign [...]

]]> By: Jason Simpkins http://www.moneymorning.com/2009/06/12/rio-tinto-chinalco-3/comment-page-1/#comment-23308 Jason Simpkins Tue, 16 Jun 2009 14:17:26 +0000 http://www.moneymorning.com/?p=7698#comment-23308 Australia's exports increased 2.7% in the first quarter, adding 2.2 percentage points to gross domestic product. Hence Treasury Secretery Henry's comment: "Today’s national accounts data shows a fairly large contribution to growth from net exports in the March quarter, and that follows a substantial contribution to growth from net exports in the December quarter. We’ve got two quarters now of strong contribution from net exports." And I didn't say Australia shrugged off the recession. I said it shrugged off the global downturn to post 0.4% GDP growth in the first quarter. Also, Prime Minister Rudd is somewhere near fluent in Mandarin. http://www.news.com.au/heraldsun/story/0,21985,22376210-662,00.html http://www.youtube.com/watch?v=NHUD10tVgFg http://www.danwei.org/china_and_foreign_relations/aussie_rules.php Australia’s exports increased 2.7% in the first quarter, adding 2.2 percentage points to gross domestic product.

Hence Treasury Secretery Henry’s comment:

“Today’s national accounts data shows a fairly large contribution to growth from net exports in the March quarter, and that follows a substantial contribution to growth from net exports in the December quarter. We’ve got two quarters now of strong contribution from net exports.”

And I didn’t say Australia shrugged off the recession. I said it shrugged off the global downturn to post 0.4% GDP growth in the first quarter.

Also, Prime Minister Rudd is somewhere near fluent in Mandarin.

http://www.news.com.au/heraldsun/story/0,21985,22376210-662,00.html

http://www.youtube.com/watch?v=NHUD10tVgFg

http://www.danwei.org/china_and_foreign_relations/aussie_rules.php

]]> By: AW http://www.moneymorning.com/2009/06/12/rio-tinto-chinalco-3/comment-page-1/#comment-23214 AW Sat, 13 Jun 2009 16:27:31 +0000 http://www.moneymorning.com/?p=7698#comment-23214 Australia's Prime Minister, Kevin Rudd, is nowhere near fluent in Mandarin! Australia’s Prime Minister, Kevin Rudd, is nowhere near fluent in Mandarin!

]]> By: Tony Crossing http://www.moneymorning.com/2009/06/12/rio-tinto-chinalco-3/comment-page-1/#comment-23204 Tony Crossing Sat, 13 Jun 2009 01:05:28 +0000 http://www.moneymorning.com/?p=7698#comment-23204 Australian imports fell by 9 billion (2% of GDP), exports fell by 3 billion. This is the "large contribution to growth" from net exports. The day after the GDP number came out it was announced that Australia had gone from a trade surplus to a trade deficit (for April I think). As to whether or not Australia has shrugged off the global downturn - the jury is still out on that one. Thanks to Steve Keen's Debtwatch site for this information. Australian imports fell by 9 billion (2% of GDP), exports fell by 3 billion. This is the “large contribution to growth” from net exports.

The day after the GDP number came out it was announced that Australia had gone from a trade surplus to a trade deficit (for April I think).

As to whether or not Australia has shrugged off the global downturn – the jury is still out on that one.

Thanks to Steve Keen’s Debtwatch site for this information.

]]> By: Ben Gee http://www.moneymorning.com/2009/06/12/rio-tinto-chinalco-3/comment-page-1/#comment-23188 Ben Gee Fri, 12 Jun 2009 12:26:15 +0000 http://www.moneymorning.com/?p=7698#comment-23188 Will there be a showdown between iron ore producers and buyers? If steel producers are not going to be profitable, they will cut back in production. This is a business reality. If this happens, steel price will go up and the fragile recovery will be further set back. Every body will lose including iron ore producers. On the other hand, if iron ore producers do not make a profit, they could not stay in business for long. Is this what comes down to? How ugly can this get? Will there be a showdown between iron ore producers and buyers? If steel producers are not going to be profitable, they will cut back in production. This is a business reality. If this happens, steel price will go up and the fragile recovery will be further set back. Every body will lose including iron ore producers. On the other hand, if iron ore producers do not make a profit, they could not stay in business for long. Is this what comes down to? How ugly can this get?

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