to denial, page-2

More to the story than being reported Matt747. Silly journalist commentary when you bother to understand the facts.

RIO pulling pin - their projects are sub par in comparison to peers in region and their other pipeline projects. Indeed, they knew it even before scoping study.

$75M not deposited yet by any partner - why would any company pre pay it given track record of QLD ALP and anti business Fed Govt who are involved in approving the decision.

T2 & T3 still on track - this will give plenty of extra compacity given no new mines likely to come on line anytime soon. I understand existing port capacity is only at 70-80% so going immediately for T4-T9 looks like overkill. If you mine it you should be able to export it via shared agreement.

Coking coal pricing are likley to react to this news as confirmation that supply will continue to be contrained over the LT.

Mongolia can't flood the market as they have zero infrastructure and no political will to fix their rail. So where does a steel maker get high quality coking coal from?