Chip Goodyear Quotations

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 ,

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

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

While you never like to see your company mentioned in a controversy like this, as we have publicly stated, we are committed to investigating the facts and being transparent in the reporting of the results.

We continue to feel quite good about China.

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

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 the buyback as a gift that keeps on giving.

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.

We are very pleased to have someone with Mike's strong international petroleum background and deep development and operating capability leading our petroleum business.

It (sales in China) is growing extremely rapidly. It is our largest customer now by country, ... That market will continue to be our strongest market, and with iron prices and coking coal prices beginning to reflect the increase that was negotiated earlier, you can expect to see that China would continue to grow as a percentage (of sales).

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

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.

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.