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The right wing ravers out again I see. Todats reports talking about how the miners screams of moving offshore are mostly full of hot air! The age editorial even calls the scheme 'smart' although they descrobe the self confidence as arrogant. Fair enuf too...

They have limited sources of supply 90 percent of the worlds iron ore is controlled by 3 companies and 2 major regions. India also provides iron ore. The rest of the world supplies negligible amounts.

Steve - did you not say in a previous post "its really not that diffucult to understand surely?" I little condescending. Steve - Lets see what happens to these projects...

400 bucks per tonne? hehe

Nice to hear some voices of reason. Most people here scared to speak incase the called a commie! This could be a stroke of genius. This was never going to be an easy / popular thing to pull off. Let things die down - closer to the election explain it a bit better. The big issue rudd...

Good luck getting projects up in India, South Africa and South America. I travel to both regularly. Its problematic. Ask yourself why they havent done it already if its that easy. Prices have been bubbling along for years! Yes we are running at high capacity but atleast we have mot of the...

Stevie - thanks for tip. With due respect this IS my day job. The importnt price is the landed price in China. Therefore shipping is a factor. Shipping from West OZ compared to Arfica can differ by 20 up to 50 bucks per ton... (10-30 percent of the landed price) The other factor in price...

Steve - let me ask you this. Rio and BHP operate in an environment where prices have been rising and falling evey year by between 20-50 percent. They plan projects in this crazy cvolaitile environment. This tax is just another variable and one in many respects that is less than the voltile...

Iron ore from where? Australia controls most of it with Brazil. There is no real alternative the amount needed.

Guys I am in the business If China are screaming for commodities Australia even with the taxes presents a far cheaper alternative to 95 percent of other countries. Why? - We already have the infrastructure (ports. logisitics etc) - Its already available and China cant hang on for...

Funny that! http://www.theage.com.au/business/miners-dealt-a-credibility-blow-20100506-uh18.html

The press about mining projects being scrapped is crap - think about how easy it is to SAY projects are being scrapped. Its just words. Lets wait and see which ones actually go under to see if their are any real effects. Its like me saying ive scrapped buying in Toorak because I havent got a...