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26-03-2015, 05:26 PM
Getting excited 
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Rio Tinto's Sam Walsh slams Fortescue boss Andrew Forrest's 'harebrained' iron ore scheme
http://www.smh.com.au/business/mining-an...m7x98.html
Leading competition lawyers have dismissed Fortescue chairman Andrew Forrest's claims he could use an exemption in Australian competition law to suggest the nation's major producers work together to cap their production to improve dire market conditions.
Competition lawyers also say it will be very difficult for the competition watchdog to prosecute Mr Forrest over his offer to put a cap on Fortescue's production if others would do the same, made at a function in Shanghai on Tuesday evening.
Additionally, the Fortescue chairman suggested controlling production would trigger a price recovery.
Rio Tinto boss Sam Walsh on Thursday dismissed Mr Forrest's iron ore cap proposal as "absolute nonsense" and a "harebrained scheme", and said such a cap is absolutely not in Australia's national interest.
_______________________
Rio Tinto's Sam Walsh slams Fortescue boss Andrew Forrest's 'harebrained' iron ore scheme
http://www.smh.com.au/business/mining-an...m7x98.html
Leading competition lawyers have dismissed Fortescue chairman Andrew Forrest's claims he could use an exemption in Australian competition law to suggest the nation's major producers work together to cap their production to improve dire market conditions.
Competition lawyers also say it will be very difficult for the competition watchdog to prosecute Mr Forrest over his offer to put a cap on Fortescue's production if others would do the same, made at a function in Shanghai on Tuesday evening.
Additionally, the Fortescue chairman suggested controlling production would trigger a price recovery.
Rio Tinto boss Sam Walsh on Thursday dismissed Mr Forrest's iron ore cap proposal as "absolute nonsense" and a "harebrained scheme", and said such a cap is absolutely not in Australia's national interest.