On Thursday 30 April the Australian Competition and Consumer Commission (ACCC) announced that it will take no further action in respect of comments made by Andrew Forrest, Chairman of Fortescue Metals Group Ltd, about iron ore production. The ACCC commenced a review of Mr Forrest’s comments following an article in the Australian Financial Review on 25 March 2015 which reported Mr Forrest called for a cap on iron ore production at a business dinner in Shanghai on 24 March 2015.
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