This is the Chinese way.
In China, there is no rule of law. Business is conducted in the shawdowy world of bribery, intimidation, extortion, kick-backs, coercion, deception and down right lies.
No point criticising the Chinese for what they are.
We should perhaps vent our anger towards the Australian authorities and regulators for sadly allowing them Chinese to get away with this Great Iron Ore Swindle.