Original article by Paul Garvey
The Australian – Page: 23 : 10-Nov-16

Fortescue Metals Group chairman Andrew Forrest had criticised BHP Billiton and Rio Tinto for focusing on the production of higher-grade iron ore and overlooking lower-grade ore that needs some processing before shipment. He argues that this merely reduces the value of an orebody and shortens a mine’s life. Fortescue itself uses a beneficiation process to upgrade the quality of lower-grade iron ore. Meanwhile, Forrest does not expect the financial market volatility in the wake of Donald Trump’s presidential election win to be sustained.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, BLUESCOPE STEEL LIMITED – ASX BSL, DEXUS PROPERTY GROUP – ASX DXS, DELOITTE TOUCHE TOHMATSU LIMITED, NATIONAL PARTY OF AUSTRALIA