FMG boss plans for fall in iron ore
FMG boss plans for fall in iron ore Updated: 16:39, Sunday June 3, 2012 The head of Fortescue Metals Group says the miner has planned for the price of iron ore to drop to as low as $US110 a tonne but doubts it would dip much further.
Vale says it will cut iron ore output by 30 million tonnes a year to adjust to the global financial crisis.