Seems we have nationwide protests in Brazil and calls for the president to resign. The economy also doesnt look healthy....
"Concerns are growing over a sluggish economy expected to contract this year as the boom of the previous decade recedes into memory. Brazil’s once-strong currency, the real, has plunged 23 percent against the dollar this year as investors cut their exposure to the economy. Inflation has climbed to its highest level in nearly a decade as job losses mount, partly as a result of the Petrobras scandal rippling through the Brazilian oil industry, which has also been shaken by the worldwide plunge in petroleum prices."
http://www.nytimes.com/2015/03/16/world/anger-bubbles-up-against-brazilian-president.html?_r=0
I hope all this doesnt impact on our local iron ore sales.
GZ
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- Ann: Corporate Presentation - February 2015
Ann: Corporate Presentation - February 2015, page-22
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