I don't think it is of great concern about HBIS announcement today. It could well be a negotiating tactic!
HBIS are still committed to purchase some 3Mtpa minimum.
http://news.alibaba.com/article/detail/metalworking/100254819-1-hbis-negotiates-buy-brazil%2527s-iron.html
In recent time I see the finance to build the mine, as stated, coming from probably a Chinese bank with MCC's help!
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