Ann: Market Update - Brazil Iron Ore Development , page-6

re: Ann: Market Update - Brazil Iron Ore Deve... Our focus will remain within Brazil, which is well endowed from an iron ore perspective, has
a large and well-established steel industry and will continue to allow us to meet our key
objectives of achieving domestic supply as well entering the export market as the second
prong of our strategy. "

I assume the focus is in respect to ggy's iron ore prospects as the heading states Market Update Brazil Iron Ore Development Strategy.