Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore major Fortescue MD Nev Power has defended remarks by chairperson Andrew Forrest that major iron-ore producers in the Pilbara should put a cap on production in an effort to stop the decline of iron-ore prices. The Australian on Wednesday quoted Forrest as saying at a business dinner in Shanghai that he would be “happy” to cap Fortescue’s production at 180-million tonnes a year.
Iron-ore major Fortescue MD Nev Power has defended remarks by chairperson Andrew Forrest that major iron-ore producers in the Pilbara should put a cap on production in an effort to stop the decline of iron-ore prices. The Australian on Wednesday quoted Forrest as saying at a business dinner in Shanghai that he would be “happy” to cap Fortescue’s production at 180-million tonnes a year.
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