Which of the big 3 will blink first
Vale is the biggest producer and now with larger vessels being approved to enter Chinese ports, decline in fuel costs & the Brazilian Real, watch out RIO, they may overtake you as the lowest cost producer.
The article was posted on Dec 2014, before the large Valemax 400.0mt vessels were given the ok by China
For RIO/BHP there strategy may backfire big time, their management is renowned for big f**k ups
FMG managemt so far has handled the situation well particularly changes that are in their control, this has been acknowledged by numerous commentators. They will put up a good fight to ensure survival
http://m.smh.com.au/business/mining...iable-if-prices-stay-low-20141203-11zcar.html
Which of the big 3 will blink first Vale is the biggest producer...
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