Hi Guys,Page 48 of AFR today. Written by Jamie FreedArticle says...

Hi Guys,

Page 48 of AFR today. Written by Jamie Freed

Article says Vale have cut 2015 production target by 10% in the latest sign that iron ore supply is unlikely to come on as quickly as expected.

Brokers expect Vale won't be the only major miner to struggle to meet forecasts. Rio is mentioned as another.


"Australia and Brazil are not the only regions where iron ore supply is expected to rise sharply. West Africa is poised to become the world's third largest iron ore region as new projects are completed"

All good news for SDL and in line with my expectations IO delivery. As has been said before DFS is based on half the current prices anyway.

Good luck.

Cheers
Nacra