Spot prices for iron ore are certainly above the delivered price for Australian iron ore into China.
More Quotes from Chip Goodyear:
We stick with our projections...that 2005 will be an above trend growth year in terms of global demand but it will be a little bit below 2004 - the best year for the last three decades for global growth.Chip Goodyear
We are very pleased to have someone with Mike's strong international petroleum background and deep development and operating capability leading our petroleum business.
Chip Goodyear
While you never like to see your company mentioned in a controversy like this, as we have publicly stated, we are committed to investigating the facts and being transparent in the reporting of the results.
Chip Goodyear
It (sales in China) is growing extremely rapidly. It is our largest customer now by country. That market will continue to be our strongest market, and with iron prices and coking coal prices beginning to reflect the increase that was negotiated earlier, you can expect to see that China would continue to grow as a percentage (of sales).
Chip Goodyear
It's not something we are going to die in a ditch for.
Chip Goodyear
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