bring on bhp & fmg, page-15

RIO announced on the 14th July that they have approved funds to expand the Dampier & Cape Lambert Ports.

Cape Lambert connects to the Robe River Rail.

280Mt/a by H1 2014. Cape Lamber 1st 50mt/a increment.
330Mt/a by H1 2016. Cape Lamber 2nd 50mt/a increment.

Are RIO planning on sourcing Iron Ore from IOHs Buckland Hills project, hence the need to increase port capacity?

RIO are allocating $200million towards these projects.

Also, good to see the SP up today. Looks like we may have passed a new low?

Butchy.