Straight from the horse's mouth.
http://www.smh.com.au/business/mini...itors-says-iron-ore-boss-20141009-113ltk.html
Rio Tinto expansion blocking competitors, says iron ore boss
Date <:time datetime="October 9, 2014">October 9, 2014
Rio Tinto iron ore boss Andrew Harding is launching a passionate defence of the miner's aggressive production push, saying the strategy is protecting shareholder value by blocking 32 global projects from coming online.
Mr Harding said if Rio Tinto was to halt its expansion push, a flood of 32 new projects - held by companies outside the iron ore majors - could come into the market, and it would be difficult to dislodge them.
Iron Ore Price, page-1929
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$20.14 |
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0.180(0.90%) |
Mkt cap ! $62.01B | |||
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| 1 | 10 | $20.13 |
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