Hi gassin, the fact that the big2 have backed off from boasting about their ploy to bleed Australia dry to benefit the Communist Chinese regime and that they have taken actions (but by bit) to pull expansion plans tells me (crucially FMG and others in particular Barnett have stopped attacking bhp and Rio) that AGO knows where iron ore price will be next year.
The decision of the IO price as we will appreciate will not rest with bhp and Rio but with the WA and federal governments.
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