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Australia's Fortescue joins rivals BHP and RIO in announcing slashed capital spending plans...

Australia's Fortescue joins rivals BHP and RIO in announcing slashed capital spending plans amidst sliding demand and pricing for iron ore. The move comes just days after the company's CEO said all was well in the business and the company expected to triple production within a year. Shares fell 4.2% in Sydney.
Comments (1)
  • goldmember steve
    , contributor
    Comments (63) | Send Message
     
    Gee the Australian Carbon tax .........just what this country needed to help with a strong economy (sarcasm).........we have a foolish leaders in this country
    4 Sep 2012, 12:54 PM Reply Like
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