10.09.2012 - Miners' woes may prompt consolidation rush
Media speculation that Andrew Forrest's Fortescue Metals and Gina Rinehart's Roy Hill iron ore project might share the costs of building a railway rather than construct separate rail lines is a sensible idea but not new. Members of the Fortescue board have discussed the issue on a number of occasions over the past couple of years but the proposal failed to get anywhere.Still, with the first stage of the mining boom fading fast - iron ore prices are falling, costs remain too high, and raising finance is becoming increasingly difficult - a deal between the billionaires Rinehart and Forrest might not be out of the question...............................................Full Article: Source
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