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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (54654)10/21/2004 10:37:17 PM
From: Taikun  Read Replies (1) of 74559
 
EP,

Lets take one of these:

BHP

In the Australia you have other minerals sector entrants. Rio Tinto, WMC Resources, NEM. BHP is not a state-run company, with access to cheap funding from the Auzzie treasury, and is not staffed with politicians from, say, the Auzzie Liberal Party.

Phelps Dodge could buy BHP or one of these other companies and would sell the output of BHP in the world market.

I can't see BHP on the same footing as China MinMetals. China MinMetals wants Noranda output primarily or exclusively for China.

Could PD buy BHP? Yes. Could PD buy MinMetals? No.

David
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