Original article by Peter Ker, Shaun Drummond
The Australian Financial Review – Page: 19 : 21-May-15

Fortescue Metals Group’s Peter Meurs says encouraging results from the first stage of a magnetite project in Western Australia may prompt it to proceed to the next stage. The Iron Bridge joint venture has initially targeted two million tonnes of magnetite ore, and Meurs believes that this could be increased to 20 million tonnes. He has refuted suggestions that this would add to the global oversupply of iron ore, arguing that the bulk of iron ore exported from Australia is haematite ore.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, SHANGHAI BAOSTEEL GROUP CORPORATION, FORMOSA HA TINH STEEL CORPORATION, GRANGE RESOURCES LIMITED – ASX GRR, MINERALS COUNCIL OF AUSTRALIA, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, CHINA INTERNATIONAL TRUST AND INVESTMENT CORPORATION, ANSHAN IRON AND STEEL COMPANY, GINDALBIE METALS LIMITED – ASX GBG