Paul Kopejtka, chairman and chief executive officer of Murch

AUSTRALIA - JUNE 19: Paul Kopejtka, chairman and chief executive officer of Murchison Metals Ltd., left, Christopher Eves, chief executive officer of Oakajee Port & Rail Pty, center, and Saburo Takeuchi, vice president of Mitsubishi Corp.'s iron ore unit, attend a media briefing at the site of Oakajee Port & Rail's proposed iron ore port and rail project in Geraldton, Western Australia, on Friday, June 19, 2009. Oakajee Port & Rail Pty, planning a A$4 billion ($3.2 billion) iron ore port and rail project in Western Australia, is in talks to buy building materials and get funding from Angang Steel Co. and other Chinese companies. (Photo by Ron D'Raine/Bloomberg via Getty Images)