fmg on cnbc, page-5

While we are on the topic of FMG bit of coverage around given their recent 1H profit result.

In terms of their plans to expand production to 155 mtpa by June 2013 FMG have reiterated that they remain on time and on budget, although it does remain tight whether production will increase by the deadline it seems FMG is on track to at least add the capacity to ship out 155mpta with a new fourth berth coming on line at Port Headline. Potential WA government decision on a fifth berth to come.

Given FMG's track record of delivering projects, all seems pretty good at the moment for a quick entry to production for us.