That $6bn TenderBook..., page-68

If you read the summary of RIO's presentation, you should find cause to be hopeful that NRW will garner some of RIO's planned action. Any initiative that helps RIO concoct more “Pilbara Blend” would likely get RIO's nod to proceed – interpret that as "any additional supply of low-phosphorous ores with a high Fe rating", as was the case with the Silvergrass project for which NWH was contracted. The much-extolled development of Silvergrass bodes well for NWH repeating such a development.

All the words in the media release at http://www.riotinto.com/media/media-releases-237_25658.aspx are interesting – the following two sets of words are only an example:

• Removing our bottleneck in rail and increasing flexibility remain a key priority. Removing rail bottlenecks is work well suited to NRW.
• The company's productivity and cash focus are increasingly important to offset early signs of cost inflation which are returning to the industry. The underlined words reinforce Pbawley's recent comments in this thread to the effect that service suppliers are becoming under less pressure to cut pricing.