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[quote=MARRIE,372198]Bobert, China has alternative vendor like 'Vale' who intends to offer competitive quotes considering the purchansing volum from China whose purchasing power in iron ore is 50% of global needs. Due to financial difficulties and sluggish sales at the end of last year, Rio Tinto sold to a British owned BSGResourcesLtd half of its mining assets in Simandou, Africa, a project that is expected to iro ore production as high as 70,000,000 tons. According to AXSMarine, the iron ore shipping is drastically reduced at Australian ports, while the shipping volum touched record high this April in Brazlian ports, As far as its stock listed in NYSE, according to ForeignCorruptPracticesAct, Tinto Rio could be fined thousands of millions considering its executive level officers committing bribing foreign government officials. Therefore, this case has affected Rio Tinto's trading in the short term and casted a significant uncertainty for the long run.[/quote]
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