Albanese's parting gift to BHP

Rio Tinto's somewhat bungled plan for its Mozambique coking coal has handed BHP Billiton and Australia an opportunity to get back into the coking coal game.

BHP Billiton is surely Australia’s luckiest big company. Had it succeeded in buying Rio Tinto in 2008 it would have bought a $30 billion Alcan writedown; and had the South Australian government not delayed BHP Billiton at Olympic Dam it might have hit further writedowns.

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