Just in case anyone hasn't seen this yet. Ties in with Sachz'...

Just in case anyone hasn't seen this yet. Ties in with Sachz' post above.

Brazil's Brumadinho mining disaster will hurt Vale, but iron ore firms and Australia's economy are set to cash in.

Analysts say the outcome of Vale's move will be felt for some time."This isn't a small sum. This is a big reduction in the global seaborne market in a very short period of time, so we do expect that will support higher iron ore prices for the course of the year," Bell Potter investment adviser Giuliano Sala Tenna said. "When you see a sudden event like this reduce supply in the market, the other suppliers can't respond quickly enough to make that up in full, so we would expect the iron ore market to remain tight."

This is something that will certainly impact on the rest of calendar '19 and for calendar year '20 and '21," he said.