Original article by Tess Ingram, Peter Ker
The Australian Financial Review – Page: 20 : 4-Aug-16

Fortescue Metals Group CEO Nev Power says proposed mergers between large state-owned Chinese steel-makers would benefit the global iron ore industry. He notes that it is in Fortescue’s interests for buyers of its iron ore to have increased profitability and efficiency. Power adds that Rio Tinto’s move to ramp up investment in its Silvergrass iron ore mine had been expected, as the resources giant needs the additional output to maintain production of its premium "Pilbara blend".

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO, WUHAN IRON AND STEEL (GROUP) COMPANY LIMITED, SHANGHAI BAOSTEEL GROUP CORPORATION, DIGGERS AND DEALERS FORUM, EVOLUTION MINING LIMITED – ASX EVN, HEBEI JINXI IRON AND STEEL COMPANY LIMITED, SHOUGANG GROUP