Damn BHP only making $140 profit a tonne...devastating. The sooner China stops paying for overpriced ore the better, India cant wait. There is a good reason why China's focus is on developing high grade CCP owned iron ore mines. Its because they know there is massive competition for it just around the corner and the processing of low grade ore via coal is pissing off her own citizens and neighbor's in Mongolia, I'm sure you remember what happened last time China upset Mongolia.
