The Rising Influence of Rising Affluence

[DewDiligence]

BHP’s is forecasting a 5% increase in FY2013* iron-ore production relative to the record output of 160M tonnes produces in FY2012 (#msg-77632483).

Thus, two of the Big-3 iron miners—BHP and RIO (#msg-77601356)— have reported solid production forecasts for the next 6-12 months. (RIO, unlike BHP, is on a calendar fiscal year.)

VALE—the third of the Big-3 companies—reports 2Q12 results on 7/25/12 (the same day as CLF).

*Fiscal year ending 6/30/13.