Iron ore: The fall ain’t over yet

Fortescue Metals Group (ASX: FMG) chairman Andrew Forrest has received a lot of criticism after suggesting the big four iron ore miners – FMG, BHP Billiton (ASX: BHP), Rio Tinto (ASX: RIO) and Vale (BOVESPA: VALE5) – cap their production in an effort to force the price of iron ore higher.Yet in Forrest’s corner is Ivan Glasenberg, head of Glencore (LSE: GLEN) and one of the smartest operators in the mining world.With the iron ore market already oversupplied, Glasenberg has been highly critical of continued expansion by the big four, suggesting they instead keep their ore in the ground until...

Fortescue Metals Group (ASX: FMG) chairman Andrew Forrest has received a lot of criticism after suggesting the big four iron ore miners – FMG, BHP Billiton (ASX: BHP), Rio Tinto (ASX: RIO) and Vale (BOVESPA: VALE5) – cap their production in an effort to force the price of iron ore higher.

Yet in Forrest’s corner is Ivan Glasenberg, head of Glencore (LSE: GLEN) and one of the smartest operators in the mining world.

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