Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Federal Minister for Industry and Science Ian Macfarlane on Tuesday insisted that the government had no intention of regulating the iron-ore market, as BHP Billiton CEO Andrew Mackenzie warned that an inquiry into the sector would send a “terrible signal” to Australia’s trading partners. In an interview with the ABC Radio, Mackenzie said that a government intervention into iron-ore prices would be an “amazing gift to our competitors in Brazil”, and warned that it could cause Australian trading partners to invest in other parts of the world.
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