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Tuesday, 09/04/2012 11:07:18 AM

Tuesday, September 04, 2012 11:07:18 AM

Post# of 7895
FORTESCUE....succumbed to the severe slide in iron ore prices, laying off about 1000 workers and calling a halt to projects under construction to remain profitable and service debt.

http://www.theaustralian.com.au/business/mining-energy/fortescue-cuts-expansion-and-1000-workers-as-iron-ore-price-tumbles/story-e6frg9df-1226465081011

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