When Henry met Rio


American statesman Henry Kissinger pocketed close to US$5 million ($6.4 million) for guiding mining giant Rio Tinto to wash its hands of its jailed China chief, Australian citizen Stern Hu, and build relations with Bejing….

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Fortescue’s future uncertain after Twiggy’s failed debt financing


Fortescue Metals Group’s share price is down again — and there is no relief in sight. The sheer ineptitude of Fortescue Metals Group — ably advised by Swiss investment bank Credit Suisse, it’s well worth noting — failing not once, but…

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Twiggy’s ‘cartel’ won’t turn Fortescue around — not for all the steel in China


A combination of inaccurate economic forecasting, a demand-side slump, and erratic behaviour from its chairman, Andrew “Twiggy” Forrest, has left iron ore miner Fortescue Metals Group in dire straits. Andrew Forrest and his company Fortescue…

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Is it time for Twiggy to play his Chinese joker?


The price of iron ore is still falling, with Fortescue Metals Group facing total wipeout. But there may be a way to save the company — look to the East … Down and down and down it…

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