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<p>[QUOTE="gxseries, post: 373767, member: 4373"]Cloud, I'm still searching for the article - there is a possibility that I may have misread (most likely did). It was clear that when BHP Billiton announced that they were planning to takeover Rio Tinto, the US and Chinese government expressed large concerns, if not clearly expressed their unhappiness over the whole deal as it would create a large oligopoly company with very few competitors left. Chinalco and Alcoa bought a sizeable 12% stake in the company. </p><p><br /></p><p>This was a recent article about the whole deal: <a href="http://www.businessweek.com/globalbiz/content/feb2008/gb2008021_775042.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.businessweek.com/globalbiz/content/feb2008/gb2008021_775042.htm" rel="nofollow">http://www.businessweek.com/globalbiz/content/feb2008/gb2008021_775042.htm</a></p><p><br /></p><p>The impact of these two large companies clashing does have a notable impact on commodity prices. The only other notable mining company that is that large is Anglo-American but they deal mainly with platinum group metals and gold (maybe diamonds if I remember right). Xstrata is on the list as well but I can't remember what else they deal other than coal.[/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 373767, member: 4373"]Cloud, I'm still searching for the article - there is a possibility that I may have misread (most likely did). It was clear that when BHP Billiton announced that they were planning to takeover Rio Tinto, the US and Chinese government expressed large concerns, if not clearly expressed their unhappiness over the whole deal as it would create a large oligopoly company with very few competitors left. Chinalco and Alcoa bought a sizeable 12% stake in the company. This was a recent article about the whole deal: [url]http://www.businessweek.com/globalbiz/content/feb2008/gb2008021_775042.htm[/url] The impact of these two large companies clashing does have a notable impact on commodity prices. The only other notable mining company that is that large is Anglo-American but they deal mainly with platinum group metals and gold (maybe diamonds if I remember right). Xstrata is on the list as well but I can't remember what else they deal other than coal.[/QUOTE]
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