One more thing about the iron ore result in particularly - its not actually a quarterly record, though higher than the Q1 result that was reduced by cyclone, so they are operating below capacity. There have been reports that the big miners have been holding back supply so as to avoid flooding the market and pushing down prices even lower than they are. That suggests volumes may not grow in the expected way, even despite lower prices.
what was wrong with the result?, page-18
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