Fortescue Metals Group has "mature" plans to diversify into other industries, with chairman Andrew Forrest confirming that the company is running the ruler over opportunities in six different commodities
Speaking to media after the meeting in Perth, Mr Forrest, Fortescue's biggest shareholder, said that due to the downturn in a number of different commodities prices over the last year, now was a good opportunity for the company to diversify.
"If you look at the whole resources sector - copper, oil, uranium, gas - the whole resources sector is down so it is strength in weakness where the greatest opportunities are," he said.
"Are there great opportunities out there, that's really the question, not that we are seeing yet but we are a patient company."
Another business venture, Pretty close ?, page-20
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