Otmane El Rhazi : Australia won't pursue Fortescue over call to cap iron output

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Australia's anti-trust watchdog said on Thursday it will not take any action against Fortescue Metals Group for comments by its chairman last month urging bigger rivals to join it in capping iron ore output to shore up prices. Fortescue Chairman Andrew "Twiggy" Forrest upset the Australian Competition and Consumer Commission (ACCC) in March after he said at a dinner in Shanghai he was happy to challenge rivals to "cap our production right here and start acting like grown-ups".