mmx gearing up to 12 million tonnes pa

Dont beleive in conserving cash these chaps.Hope it works for them.


''Having obtained the rights to construct a 4.0 billion Australian dollar ($2.8 billion) port and railway project in Western Australia, Australian mining firm Murchison Metals and Japan’s Mitsubishi Development are preparing to boost their iron ore export capacity to 12 million metric tons a year.''


http://www.forbes.com/2009/03/20/australia-iron-ore-markets-equities-infrastructure.html