I posted a while back claims the IO price was being manipulated and listened with interest to an interview with Twiggy Forrest on ABC National this am. He is calling on the Government to look at Multinationals terms of mining licenses in Australia. He has accused BHP and Rio Tinto of deliberating flooding the market with iron ore driving the price down in an effort force smaller miners out of business. He has publicly raised this issue as he says the fall in iron ore prices has a significant detrimental affect on the Australian economy. Anyone wanting to listen to Twiggy's interview can go to the ABC National website, mornings with Fran Kelly.
TYX Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)