A lot of the big projects are being put on hold or being sold off. The biggest projects in Guinea with RIO,BHP and Vale are not looking to be coming on stream as soon as they were suppose to. The Pilbara. Only a select few will ever start up,because the likes of RIO BHP and FMG will not entertain others on their rail lines. I can't see Hancock allowing others on their new rail line when it is built.
In the mean time populations will increase and more iron ore will be needed.India is looking to end up importing iron ore instead of exporting to China. More Trains,Cars,Houses with steel frames,Aircraft,Etc will be needed.
With these African Nations becoming rich through iron ore and other minerals,we will see them building Hospitals,Schools,Hydro Schemes,Ship Yards,New Highways needing steel to build them. Regards Westcott.
SDL Price at posting:
10.0¢ Sentiment: None Disclosure: Held
