FMG 1.10% $18.31 fortescue ltd

Iron ore price, page-11329

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    Hi Karasco,

    Nothing but having 2 dams at the highest level of risk before ruptureand having the emergency sirens go off reconfirms the significant risk associated with Vale’s dams.

    We don’t want to see any further disasters but if there is another rupture, the ramifications would be in another stratosphere higher than what we are currently seeing.

    Vale have so much on their plate at their moment and it is very hard for them to divert resources into expanding existing operations when most resources are tied up into the fallout from the tragedy.
 
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