Original article by Andrew Burrell
The Australian – Page: 17-18 : 30-Jun-14

Fortescue Metals Group is confident that the price of iron ore will recover. CFO Stephen Pearce feels that the drop to $US89 a tonne on 16 June 2014 was the bottom of the trough in the present price cycle. He believes that the price will rise to about $US110 a tonne and remain at that level for a while. His view is based on strong Chinese economic data and the market adjustment to the increase in supply. Pearce warned that prices of $US150 and above were not likely to occur again

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP