Hi Newport
want to know your thoughts on this
Rough estamation
rio and BHP in 2015 Australian operations only will produce 250mtpa extra (mind u that they have operations in Africa)
Vale 100mt
SDL 35mt
GBG 30mt
BRM MMX AGO MGX SPH EQX Bellzone etc all together at least another 150mt
add them up, u get almost 600mtpa of extra iron ore supplies ....
China will import more for sure from the current 650 mtpa, in 2015 they will import another 200mt pa more.
Who will import the extra 400mtpa of iron ore supplies? what will that do to the price of iron ore considering the recent 30mt Indian ban has done to the curent spot price?
parts of pilbara - disaster zone from flooding, page-11
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