Original article by Amanda Saunders
The Australian Financial Review – Page: 11 & 16 : 20-Oct-14

The iron ore price is currently trading at around $US83 per tonne. Mike Henry of BHP Billiton says the price could briefly rise above $US100/tonne, but he does not expect such a price to be maintained in the long-term. Henry has justified BHP’s decision to ramp up iron ore production, arguing that if it did not then another miner would do so in Australia or elsewhere. Rio Tinto and Fortescue Metals Group are also increasing their output

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BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, VALE SA, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET