Original article by Angus Grigg
The Australian Financial Review – Page: 16 : 30-Nov-16

Pure-play iron ore miner Fortescue Metals Group has officially launched the first of eight bulk carriers that are being built in China. Each vessel’s capacity will be around 260,000 tonnes, and Fortescue CEO Nev Power says the investment in the fleet reflects the company’s confidence in the long-term outlook for the Chinese and Asian economies, as well as demand for iron ore. The price of the steel input has reached a two-year high, but Power expects it to trade at between $US50 and $US60 over the long-term.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, VALE SA, DEUTSCHE BANK AG