Andrew “The Twigmeister” Forrest has taken the news that China has banned BHP iron ore pretty well by all reports.
A source close to the mining magnate told The Times that he wasted no time swooping in on a prime opportunity to cut BHP’s lunch. The source told The Times,
“Twiggy was very keen to let China know that he had more than enough to satisfy them and they could stop wasting their time with those bums at BHP”
Another source told The Times that the mining magnate was preparing to get his country ute out of storage and lay a massive skid outside Brookfield Place to taunt BHP. Cold as ICE!
He’s not alone, with the top brass at Rio Tinto also taking the opportunity to let China know that they can “do better” and that BHP is a scrub and as TLC once said, they don’t want no scrubs.
Whether China will increase their iron ore orders with FMG remains to be seen. With some suggesting that China is just trying to spook BHP and remind them to treat them better or they will walk.
Some within the mining sector have called this commotional manipulation and BHP should be the ones to walk away.
Sadly, in the world of iron ore, Australian companies have well and truly loaded that egg basket with Chinese Yuan.
So we all know BHP will cave.
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