Growth for the sake of growth is over, but that doesn't mean mergers and acquisitions in the mining space are finished, says Ian Parkinson, director of equity research-mining with GMP Securities L.P.
Shares in producers fall after China's powerful central planning agency says country's "high steel demand period has passed" and inventories will stay high.
Cost of building Infrastructure to support 100mt of ore related to Rio Tinto's giant Simandou iron ore mine in Guinea alone estimated at over $13 billion.