It's all smoke and mirrors GS... it looks like RIO have "opened" their lines, but reality is that commercial terms are still to be finalised and IOH won't get access until the end of 2010... they are looking at only 1.5MT and the deposit is only 8.3MT. Still the deal is significant and creates a precedent for BRM to follow. Let's hope the BHP deal doesn't take two years to finalise like the RIO/IOH one did!
west article, page-5
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