Annoying isnt it - and yes, there will be another mining boom,...

Annoying isnt it - and yes, there will be another mining boom, there simply isn't enough capacity that has come on stream in such a short period of time (past 3 and half years to make a difference going forward).

Iron ore included. Think about it, only FMG made the grade - i.e. have any capacity to ship substaintial amounts of iron ore in competition with Rio, BHP and Vale.

It is interesting that BHP actually have used the arguement for its take over of RIO that actually only the majors have been able to bring on any significant capacity to supply strong Chinese iron ore demand. And they have been right.

It was the arguement that they put toward the ACCC for gain approval - and it was key in their approval decision.

There is something strangely ironic in that arguement...