Fortescue vows to curb production

Original article by Jennifer Hewett
The Australian Financial Review – Page: 1 & 9 : 13-Apr-15

Australian-listed Fortescue Metals Group has ruled out increasing its iron ore output while current market conditions prevail. The group’s annual production is around 165 million tonnes, but it has the capacity to lift this to 180-200 million tonnes without the need for additional capital investment. Rival iron ore miners BHP Billiton and Rio Tinto are ramping up production despite the sharp fall in the iron ore price

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMGRIO TINTO LIMITED – ASX RIOBHP BILLITON LIMITED – ASX BHPVALE SAAUSTRALIA. DEPT OF THE TREASURYATLAS IRON LIMITED – ASX AGOALLIANCEBERNSTEIN AUSTRALIA LIMITED