iron ore exporters

  1. 827 Posts.
    Is it true all aust exporters IO BHP RIO ect all contracts written in US $...???? IF so do they now get 3o% plus increase in their IO price ???? why are these super profitable cos @ leading Aust gold miners being sold off ???? or is this just panic selling from overseas???Both ceos BHP & RIO say CHINA will continue to plough ahead.The other question the chineese purchased a major share in RIO @ 140 something dollars per share @ these prices wouldnt you think they will enter the market @ snavell both RIO & BHP shares ??????
 
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