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We have the opportunity to substantially increase our iron ore production through productivity and getting more out of the existing infrastructure.
The cash-rich ArcelorMittal has said it plans to increase its iron ore production to 110m tonnes by 2012 or virtually double the 60m tonnes it produced on its own account in 2007.
Iron ore production fell 19% while platinum dropped 29%.
Iron ore production has risen 180% in 10 years.
But China's iron ore production is forecast to remain basically flat.
Iron ore production was up 3% quarter on quarter to 266m tonnes.
Rio Tinto has fallen 57p to £28.17 as iron ore production rose but amid falling prices.
Freeport is losing an estimated 220,000 tons of ore production per day.
BHP, the world's largest miner overall, ranks third in iron ore production.
Rio Tinto rose 226p to £28.44 despite announcing plans to cut Australian iron ore production by 10%.
BHP itself is up 11p at £21.50 as it announced a 6% rise in quarterly iron ore production.
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