Forrest backs Cliffs CEO call for Australian iron-ore inquiry

March 8, 2016

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Mining magnate Andrew Forrest has backed calls from US iron major Cliffs Natural Resources for an inquiry into the Australian iron-ore market.

Speaking at the Global Iron Ore and Steel Forecast conference, in Perth, Cliffs chairperson, president and CEO Lourenco Goncalves said that Australia had missed an opportunity in 2015 to address the glut in the iron-ore market by not undertaking an inquiry into the supply side of the industry.

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