Just flicking through the investor presentation which I note is labelled to "China"
I wonder if they are battling to sell product ? Hence this statement ;
We are seeing growing interest from alternate markets such as Japan, India,
Malaysia and the Middle
East, and actively negotiating sales into these
markets
Continue to attract a quality premium for high grade, lower impurity iron ore
products however this is under strong pressure from the Chinese market
Continual downward pressure on prices and premiums as world markets
react to economic trends and discounting by marketers of lower quality iron
ore product
invest presentation buy why
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