On Friday 3 June 2011, 17:31 EST"Rio Tinto Ltd has secured land...

On Friday 3 June 2011, 17:31 EST

"Rio Tinto Ltd has secured land use partnerships with five indigenous groups in the Pilbara region of Western Australia, paving the way for the group's planned $3.9 billion Pilbara iron ore expansion."

The above announcement is indicative of the massive expansion in the iron-ore sector, required in the near future, in order meet the growing demand for steel from our northern neighbours. It indicates in my opinion ,that mining boom Mark 2 will be enduring and far reaching.

Of course such production of steel will require evermore shipments of coal and I cannot help but reflect on the extra demand that surely will be placed on Pacific National in the future, to meet the coal transport tasks ahead. This will not not be small scale transport ....this will be a mammoth task so I suggest to watch this dark horse with interest.

As I have said before ,the big banks are not silly...they know exactly why they bought this stock.
I await the current review with interest

Once again ,the above is my opinion only and of course it is wise to DYOR

Good luck to holders