Article in SMH BusinessDaythis morning re BHP's plans to expand IO production from 155m-450m tons by 2020. Just adding-up ambitions of FMG, BHP, RIO and VALE alone (and ignoring rest of Oz producers and those in Africa etc) we'll have an extra 430m tons/annum by 2016!!! Where will it go? BHP says China will use this amount. I have my doubts. dyor.
http://www.businessday.com.au/business/bhp-reveals-wa-ambitions-20110927-1kvdw.html
fairfax down ramps fmg - must be loading up !, page-11
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