NoMuch of it is around 30 percent Fe, and mainly open pit. There...

No

Much of it is around 30 percent Fe, and mainly open pit. There is a tendency to focus only on the worst quality Chinese ores.

in terms of cost this will surprise many of you. see page 24 of this rio report, http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=5656434&SessionID=tg3HHSCVNX_Ky47 the mine to mouth Chinese production is significant and the cheapest on the cost curve. It often isn't shown on cost curves as it is not part of the contested seaborne market