iron ore "doing it tough", page-11

THIS AINT OVER BY ANY MEANS YET

there is a big push in china to close down many smaller less efficient steel mills hence giving the bigger mills like ansteel much more headroom.

also there is a big push on in china to minimise the massive industrial pollution they suffer which will result in more favourable treatment towards processed magnetite concentrate which is more efficient in the steel making process than dso

the chinese will not allow kml to fail given their huge investment and pride of ownership of a large industrial os enterprise.

imo there will be an announcement in the near future that the 16mt expansion will be implemented to utilise the existing infrastructure to maximum capacity.

in doing so all the existing kml/gbg debt and capital will be restuctured into the expansion program and things will move on from there

pleaes shoot me if im wrong !!