The financial website, Morning Star, has reported that Fortescue Metals Group is expecting to participate in annual benchmark iron ore price negotiations once it completes a staged expansion to 120 million tonnes of annual production.
Mr Graeme Rowley ED of FMG said that "When you become big enough, you are in a position to influence those discussions."
Fortescue was reported to have previously refused a seat at the annual contract talks.
Source: Morningstar.com
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