mmx is a great lesson, page-126

Pp

Some figures which may be of interest, supporting the belief that the demand will continue and likely to be sufficient to make Mid West region viable.

Global iron ore production 2010 was approx 2 billion tonnes and requires additional 100 million tonnes per year over the next 8 years. (from Rio). Therefore approximate world consumption 2.8btpa in 8 years.

Australian present production approx 500mtpa, rising to possible 1.35btpa over the next decade. Present calculated figure is BHP+Rio+FMG + 70mt, future calculated figure is BHP+Rio+FMG+Midwest region + 130mt.

Simply put global IO demand 2020 approx 2.8btpa, Australian production 1.35btpa (including 80mtpa from Midwest region)