Miners won’t take pedal off the metal

Original article by Amanda Saunders
The Australian Financial Review – Page: 13 & 18 : 14-Mar-16

The iron ore price has risen by about 65 per cent so far in 2016, although it has retreated from the year-to-date high of more than $US63 per tonne. Meanwhile, Paul Young of Deutsche Bank expects Rio Tinto’s iron ore output in the Pilbara to top 360 million tonnes in 2017, despite the miner’s own guidance of 350 million tonnes. There are also expectations that production at the Samarco joint venture between BHP Billiton and Vale will resume before the end of the 2016, while production at the Roy Hill iron ore project may increase.

CORPORATES
RIO TINTO LIMITED – ASX RIO, CREDIT SUISSE (AUSTRALIA) LIMITED, BHP BILLITON LIMITED – ASX BHP, VALE SA, SAMARCO MINERACAO SA, ROY HILL IRON ORE PTY LTD, FORTESCUE METALS GROUP LIMITED – ASX FMG, CHINA. NATIONAL BUREAU OF STATISTICS, KATANA ASSET MANAGEMENT LIMITED

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