Iron ore price, page-17121

Evening big e
Sino Iron are a Chinese owned (CITIC Limited ) that produce magnetite and ship from 100k south of Dampier. They expect to export $100 bil over the next 25 years.
l believe that this was to cap Ausie IO prices (as i reckon they intended in their early suport of FMG until they realized the were up against AF , NP , EG and many others in management.)
This is what the earlier post regarding Guinea and Chinese Steel mills involvment.
Their Preston operation is expensive and the Ausie Co' s could certainly provide IO cheaper.
They have asbestos problems. (Workers are required to use masks)
They have loadout problems. ( they barge the ore offshore and then load into ships)
The Gov gave them 800 Special Visas. (At a.time when there were plenty of Ausie's available.
Big e I'm not a good comunicator but haven't mised a post HC FMG for a couple of years.
The likes of you, ruenga, defabs and ( IOG , my bookend at one end of the spectrum) and many others makes this site of more value than the mainstream press.

The reason i got into FMG is the way they got out of that superpit size hole a few years ago when every thing was against them. What are they going to achieve now with every thing on thier side ?
GLTAH.