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Iron-Ore Price Could Fall, but Australian Miners' Plans Boom On


Industry Segment: Metals & Minerals | Word Count: 500 Words

JOHANNESBURG--April 5, 2012--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--The chief executive of Fortescue Metals Group (PINK:FSUGY) (Perth, Australia), the world's fourth-largest iron-ore miner, believes that a lower price for iron ore will be good for producers and steelmakers and has predicted that the price will settle at about $110 per ton over the next few years, according to a report in The Australian.

Other companies featured: Vale SA (NYSE:VALE), BHP Billiton's (NYSE:BHP)

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