BHP Wipeout ?

BHP continues to make major strategic blunders.
Aluminium, need I say more.
Our Superannuation Investments are at stake.
Recently they announced they were getting out of Shale Oil, Manganese, etc., and focusing on the major resources - Iron, Coal & Copper, with signed contract with China for 30+ years.
Excuse me, the centralised Government of China, does not play by Gentleman's Rules.
1. Head of Rio Tinto warned us the "be frightened of Mongolia. Very frightened!"
2. Coal is our largest export and Australia is the largest Coal exporter in the world - until recently. Now it is Indonesia and it is growing even faster. (www.wiseowl.com)
3. Asian investment, once put into Australian mines, are increasingly diverted to Africa. The game-changer for Africa has been the massive influx of Chinese funds to African companies, developing African projects.
The biggest mega mines for Iron, Copper, Uranium, everything, are no longer in Australia and our cost advantage has gone (a special thank you mention to Julia).