All of the major contract miners are in for a massive write down...

All of the major contract miners are in for a massive write down of business this year. Good companies these are especially MAH. However their reliance on the 'Boom' aspect and their luck with the rial work was a godsend rather than a matter of good economic sense.

The Chinese will this year roll back their Coal and Alluminium purchases from Australia. The commissioning of their nuclear power plants will be one reason whiilst their alternative accsess to Ukrainian, Indian and Brazil coal and Iron Ore will be felt here. And the heat will hurt the contractorsd.

The new super rail companies will themselves no longer outsource too much for their infrastructure development.