Many new contracts being awarded to operate mines eg to LEI via thiess and JHollands so this area is picking up. Awaitng the budget projections soon. Could be that its being delayed until clarity about Handlebar Hill ??
Are Xstrata fully operational on that mine now ?? Anyone know ?
0.435 ish holding up OK so far. ASX seems to have turned from oversold.
Concerns re China removing bubble like stimulus also has to be absorbed. Thing is that they have someting like 13 000 km of new fast rail links to build. Winter power supply is not enough to cater for demand. Internal car sales are exploding and exports are up so I think we are safe LOL
announcements overdue, page-8
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