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I think the point Alex was trying to make is those prices (however they are negotiated) can change year-to-year. Its not locked-in for the duration of the 20 year contract. I have no idea whether thats true or not but I assume its the case.

Alot of the workers are in construction - I read recently about a project that employed 1200 workers during construction (duration - 1 year) but only needed 300 to actually run the site. Not sure if this is the general case, but something to consider.

Alex, The chinese have shown some forethought in managing economic growth lately - rather than pursue a 'growth at any cost' policy, its now moving towards a more sustainable policy that focuses growth on the under-devloped interior. Although I agree with your statement that there will be...