It’s been suggested that Andrew Forrest and Gina Rinehart could be well advised to form a Pilbara alliance by putting Fortescue Metals Group and Roy Hill together. Oh how the iron ore price has changed things! Meanwhile, Nine Entertainment’s lenders are starting to seriously talk ownership change. Elsewhere, Qantas Airways boss Alan Joyce is confident he has a case for the consumer watchdog on the Emirates deal and Rio Tinto has purchased Richard Bay Minerals from BHP Billiton, but the fate of Pacific Aluminium is still up in the air.
Fortescue Metals Group, Roy Hill, Atlas Iron
Despite the fact that analysts across the board expect the iron ore price to recover, headline-grabbing speculation has begun about what will happen if it doesn't rebound enough.