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.

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.

Strong demand continues, and we are on plan for a good fiscal year.

We are guardedly optimistic if the weather continues to cooperate.

The developing world must insist that China's growth continues to be restrained.