Fortescue's Andrew Forrest calls for iron ore production cap, page-6

I absolutely blame RIO and BHP!!

They are the ones that created the boom bust cycle by pushing up the price of IO to unsustainable levels (even when the Chinese strongly objected to the price they were having to pay for this bulk commodity).

Even the Chinese now see the current price of IO as unhealthy in the medium and long term, because it does not have a positive effect on their steel mills.

Not content with that, they are in the process of hurting good companies in Australia that employ thousands of people and the spin offs to contractors and subcontractors alike.

You are going to witness a ground swell of resentment that will start to bite this year as more and more people lose their jobs and good companies go under.

Don't underestimate what is currently going on.

We will see if BHP and RIO can maintain their reputation as "Good Corporate Citizens".