| 2013 is shaping up to be an interesting a year for iron ore. As prices hit US$150/t in January – an 80% increase over the lows in September of last year – optimism briefly returned to the market. In the Pilbara, BHP Billiton’s Jimblebar expansion remains on track for first production in the March 2013 quarter and the company expects to reach a production rate of 183Mt in FY2013, up 5% from 2012.
Rio Tinto is targeting production of 290Mt by early 2014, compared to 253Mt in 2012. FMG has restarted the development of its Kings deposit and remains committed to reach 155Mtpy production this year...............................................Full Article: Source
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