http://www.commodityintelligence.com/images/2010/mar/12mar/fortescue.pdf
Slide 6
"FMG Pilbara region medium term management target - 355mtpa"
"Utilises Port Hedland capacity of 155mtpa, Studies contemplate total 200mtpa of new port capacity"
300mtpa+ was their strategy in March 2010
which would represent 150mtpa more from them into the market, let alone what anyone else was doing. the price just didn't stay high long enough to allow them access to capital. Or, are you saying that even if it had of stayed elevated they would have pulled up at 155mtpa? because they were planning to cap their own production to help keep prices high
Iron Ore Price, page-1850
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