THE market spotlight may soon focus on a Chinese stake in the world's fourth largest iron-ore producer, Anglo American, as investors watch how China will respond to BHP Billiton's massive bid for Rio Tinto.

China Development Bank , one of China's richest and most energetic offshore investment companies, told foreign analysts this week that it has taken a stake in Anglo American, rather than Rio Tinto, as had been reported.

So,  BHP looks to the Chinese as it  pursues the Rio Tinto deal and with theOlympics rapidly approaching -

The value of the ore in one bronze medal at the Olympic Games next summer in Beijing? Just $1. A silver medal? $76. Gold? $230. The value of being the first company designated "Official Diversified Minerals and Medals Sponsor of the Games?"

BHP Billiton will soon find out. BHP, the world's largest mining company, is providing all the ore for the 57,000 medals to be awarded at the 29th Olympiad and the Paralympic Games.

Engineers estimate that for that purpose, BHP will be delivering about 13 kilograms, or 28.6 pounds, of pure Chilean gold, more than a metric ton of Australian silver and almost seven tons of copper - also from Chile - to a mint in Shanghai where the metal will be cast and a ring of jade inlaid to forge each medal.

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bill (73) Senior board member | 2007-11-19 19:45:47 I guess that in some regards it's inevitable that companies will grow and get bigger by buying the opposition and increasing the scale of production - I guess that we need to 'get used to it" - microsoft - google - they dominate their sectors and we "sort of" live with it - no choice really - tho' that could explain some of the attractions of linux ie not microsoft - big numbers - big profits and when the world hits a down trend - as it enevitably will - big losses too Reply | Quote 0   0

gerry () Newbie | 2007-11-19 19:47:53 get used to it because there's nothing we can do about it - Reply | Quote 0   0

dicko () Newbie | 2007-11-19 19:55:28 volumes are getting bigger, mines are getting bigger and it needs big companies to develop and run them - as long as theres plenty of work for engineers - i guess we should be happy - cos theres a big flow on effect everywhere - me, i love it Reply | Quote 0   0

mahbub () Newbie | 2007-11-19 20:00:42 so are the buyers getting nrevous ? china, india, japan - it is usually the other way round with the buyers getting together to screw the suppliers down - changing times - looking at the medals - what a lot - the logistics of this side of the Olympics must be enormous - Reply | Quote 0   0

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