Australia's two biggest iron ore miners, BHP Billiton and Rio Tinto, have either just spent or have in the pipeline more than $10 billion worth of short-term Pilbara expansion plans to cash in on the booming China-fed steel market.

Australia's two biggest iron ore miners, BHP Billiton and Rio Tinto, have either just spent or have in the pipeline more than $10 billion worth of short-term Pilbara expansion plans to cash in on the booming China-fed steel market.