next dividend, page-234

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Truth be told it was tempting to not reply to your post as exporting 220 Mt annually is a extremely positive outlook and let's face it, if your a long term share holder then positivity is what you want all to hear but in the interest of honesty and not misleading the uninitiated the correct thing to do is to inform you that FMG has a licence to only export 210 MT annually.

That's still roughly 15 MT more so than they export currently and it's of the highest grade IO which is of great benefit - our regular down rampers have often mentioned the importance of product diversication and the product will see premium price received as compared to the minimum price the the company currently gets for its product. The excess can be blended with current io to further improve prices if they wish to do so.

Nevertheless 210 mt is only less than 5% of the quoted outlook on the post and I'm confident fmg will approach the W.A. government to increase its license once full capacity is met, a request that logically yould think would be welcomed as increased exports means increased profits and taxes - and all governments love and strive for extra taxes $$$$$ !!!

As a reference here is a AFR article from late last decade which confirms the capacity increase to 210 mt.