Majors watch contenders fall
Dec 02, 2012 (Menafn - The Australian Financial Review - ABIX via COMTEX) --Rio Tinto boss Tom Albanese said on 29 November 2012 that he admires how Andrew Forrest nurtured Fortescue Metals from a small explorer into an iron ore producer. However, Albanese said he thinks it would be hard for others to emulate Forrest's success. Meanwhile, Grange Resources announced on the same day that it is putting a proposed magnetite project on hold. Ousted Central Petroleum CEO John Heugh announced he will be taking defamation action against the Central board.
Publication Date: 1 December 2012
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