MGX 0.00% 38.0¢ mount gibson iron limited

The Chinese steel industry has accepted the 19 percent increase....

  1. 194 Posts.
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    The Chinese steel industry has accepted the 19 percent increase. BHP has confirmed it reached agreement with a number of Chinese customers in a statement to the London Stock Exchange.

    A great outcome given the volatility experienced in other commodities. MGX has to be a takeover target for diversified miners particularly if 06/07 will achieve 3mt.

    Interesting months ahead...

    Cheers,

    Robert
 
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