Iron ore war far from over as MCA launch new website

Hitting back at claims made by Fortescue Metals Group, the Minerals Council of Australia has launched its own iron ore website.

ironorefacts.com is described by the MCA as providing “factual information on Australia's $75 billion iron ore export sector”.

It said the site aims to address some of the “myths” that have been made in recent weeks about the industry.

“While there is vast amounts of publicly available data about the sector, ironorefacts.com.au provides an easily accessible platform to better understand the industry,’ MCA chief executive Brendan Pearson said.

“Australia's iron ore industry has been one of the nation's great economic success stories over the past 50 years. It has delivered hundreds of billions of dollars in royalties and taxes and directly employs over 60,000 Australians.”

The site is very bright and clean, and is broken up into many sections including: Top 10 Facts; What the experts say; and, Debunking the myths.

It comes just weeks after a new website supported by FMG, Our Iron Ore, urged the public to campaign against “multinational companies” which it says are oversupplying the iron ore market.

The new campaign site wants people to sign a petition in order to ensure a “sustainable future for our important mining industry”.

FMG’s chairman Andrew Forrest blames Rio Tinto and BHP Billiton for a fall in the price of iron ore as the pair continue to ramp up production.

The chairman says the miners have made a deliberate play to keep prices down by flooding the market and making statements about future increases in production.

Forrest wanted a parliamentary inquiry into the business practices of the major miners, a move which gathered momentum in Canberra shortly after the 2015 budget revealed the iron ore price collapse had cost the government $90 billion.

However Treasurer Joe Hockey was quick to dismiss the inquiry as unnecessary.

Rio, BHP and the MCA were all opposed to an inquiry into the iron ore industry.

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