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"I believe that our company's job security is guaranteed by our competitive position"

Fortescue Metals Group founder and current chairman Andrew Forrest, one of Australia’s richest individuals, this week told The Australian newspaper in an interview he believed drastic cost-cutting by FMG and its major Western Australia iron ore rivals Rio Tinto and BHP Billiton had left all the heavyweight Pilbara producers in a better position to ride out further market volatility without the business dislocation seen during the last price rout.

Mining Journal
"I believe that our company's job security is guaranteed by our competitive position"

Forrest, outspoken critic of previous Rio and BHPB management for putting “supply or volume for volume’s sake” ahead of value – and contributing to a collapse in the iron ore price when China’s demand...

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