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Fortescue Metals Group chairman Andrew Forrest.

Forrest shoots, and scores, an own goal

It should be clear by now to Andrew Forrest that his campaign for a political inquiry into the iron ore industry has done the company he runs, Fortescue Metals Group, more harm than good – and might even have stirred up trouble for another local billionaire, Gina Rinehart.

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Perth
Would appear that China has put the production debate to bed pretty much saying to the Pilbara Operators "If you wish to cut your production / supply quantities that's fine, we have put our skin in the game to ensure that if you don't or can't supply us with what we want then we will get it from someone else that will and can". It is the old golden rule "the man with the Gold makes the rules" and until we can establish affordable innovative manufacturing industries that can utilise the resources we pull out of the ground then we will always be subject to the rules of the Global buyers such as China and Japan. Affordable and Innovative Manufacturing Industries - this should be the challenge to set to our next greatest minds and education subsidies provided to determine a way that we can do this and compete Globally not just as a Resources Provider but as a Product Provider.

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WA export revenue

6th↑CBH Group$3.00bn
7th-Alcoa of Australia$4.10bn
8th-Roy Hill Holdings$3.84bn
9th-Chevron$4.40bn
10th↑South32$2.21bn
50 exporters ranked by WA export revenue most recent financial year

Revenue

1st-Hancock Prospecting$6.04bn
2nd-Roy Hill Holdings$3.84bn
3rd-BGC Australia$2.50bn
4th↑Wilson Parking$1.15bn
5th↑Byrnecut$991.4m
117 private companies - large ranked by revenue most recent financial year

Number of Employees

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