Chip Goodyear Quotations

For the next several decades we see a significant number of people that are looking for a better way of life and that ultimately is going to drive the resource business...(but) there will be ups and downs.

It's not something we are going to die in a ditch for.

We see the buyback as a gift that keeps on giving.

The bad news is costs are rising, but the good news is prices are rising. As costs go up the entry price of getting into this business is also rising.

Underlying demand is very strong. We continue to be optimistic about China. As you look around the world, growth continues to look good.

We don't see much reason that (China) would be below eight per cent GDP growth, certainly for the next number of years.

Like any economy there are business cycles and these will occur in China like they do anywhere else. The key for us is going to be our position in large, low cost assets...that we can manage through those times. The fact is that growth continues in China ,

Spot prices for iron ore are certainly above the delivered price for Australian iron ore into China.

We stick with our projections...that 2005 will be an above trend growth year in terms of global demand but it will be a little bit below 2004 - the best year for the last three decades for global growth.

We see it (the dividend hike) as an indication of our strong outlook for the business in the years ahead, and an indication that we see a strong performance in earnings and cash flow not just in this period.