Fortescue Bets on China Ties as CMRG Broadens Iron Ore Influence

Miner Fortescue Ltd. expects its extensive use of Chinese capital and mining equipment to set it apart from rival iron ore producers as Beijing seeks to extend its influence in the market, Chief Executive Officer Dino Otranto said in an interview.

Speaking on Bloomberg Television, Otranto said state-backed iron ore buyer China Mineral Resources Group Co. had told him from the start that it wanted better terms, and to bring in more investment.