Rio to reduce iron ore staff in Pilbara by between 100 & 800 jobs, page-2

Australians now should have doubts where Rio, BHP & FMG loyalties lie
because their overproduction of IO has only benefited China and to a lesser
extent Japan & Korea.

WA is a looser
Australia is a looser
The ATO is a looser
Shareholders are loosers (just check their loss of shareholders' equity)

Like with banks being out of control in 2008 & needing government
intervention, then perhaps these big three now need government intervention
to protect Australia's valuable resources.

The MRRT should never have been removed because obviously these big
3 do not appreciate it by their silly overproduction which is obviously a bullying
tactic to bankrupt the small producers.
MM

PS: Vale made a loss last half year.
mm