Good iron ore omens

THE omens are good for Pilbara iron ore, following a couple of pleasant surprises involving corporate takeovers and world steel production. The smell of optimism was in the air last week as the Metal Detective joined two dozen journalists on a tour of Fortescue Metals Group’s port, rail and mine operations in WA’s Pilbara. By Stephen Bell.

Of course, self-belief is never in short supply when FMG chief executive Andrew Forrest is in the picture.