is bhp - rio partnership a good thing for tty, page-5

TTY already signed MOU's with 3 I believe Chinese steel mills to supply 2mtpa of IO over the next 3 years. After the benchmark price is set then we'll see binding agreements put in place.

2mtpa would be around TTY's full output capacity considering the reserves its got. In the medium term anyway.

This Rio/Bhp joint venture going to help to keep the benchmark price high as well considering now they have the monopoly.