Rio Tinto Defends Pilbara After Forrest Voices ‘Wasteland' Fears
A Rio Tinto Group executive has defended the future of Australia 's iron ore hub, after mining billionaire Andrew Forrest delivered a downbeat message on its prospects unless it gets more green investment.
Fortescue Ltd. founder Forrest flagged fears that China's potential pivot away from traditional coal-powered blast furnaces would threaten the Pilbara, which has less of the higher grade ore needed for greener production. The Asian powerhouse was likely to turn to Brazil and Africa, which have more higher grade supplies, he told the AFR Mining Summit in Perth on Wednesday.
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