is fmg the mystery buyer?, page-28

NAB News the other day had this:

"Mining company Rio Tinto's head of iron ore, Sam Walsh, told investors in London on Friday that the company intends to spend US$14.8 billion on iron ore expansion in Western Australia's Pilbara region by 2016. Mr Walsh said the miner was again looking for "small or medium-sized" acquisitions in the sector. Mr Walsh said Rio's scale and experience would help the company succeed in its plans, and questioned the ability of rivals such as Fortescue Metals Group to deliver on their proposed expansion plans."