yes have been told by a source last month, they are planning to restart KI but not now, only in 2018 as they need pump out billions of litres of water first. In the mean time, they should get the business continuity insurance approx. $50m, may be, not sure.
All depends upon iron ore price, but KI iron ore is highest quality. This will be above $1, if the iron ore price stays this whole year on a average price > $68.
See the AGO results yday, they have paid $54m debt plus hedged for the next quarter. GLTAH.
Australian financial review, page-2
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