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[quote=MARRIE,372088]Rio Tinto is most likely to slip into financial difficulties. China's purchasing consists of 30% of Rio Tinto's iron ore sales,but the big portion of revenue cannot be guarenteed any more in the future. And iron ore supplies from Australia consists of 7% of the total needs in China. According to the purchasing budget this year, the rest of 4% will be switched to another iron ore giant located in Brazil. With the continued slow down of US economy and developemnt of green energy, it's questionable that china will continue importing energy as much as before. Besides, the latest news says Rio Tinto with its stock listed in NYSE could be suspended due to the scandle related to bribe, commercial spy and corruption that cast a big shadow on its integrity of its financial report and most importantly its future growth. Rio Tinto is to plunge into difficulties...[/quote]
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