In 2003, Andrew Forrest planned to enter the iron ore industry, which has been very capital, consolidation and is dominated by three companies. Less than five years later, its launch, Fortescue Metals Group, loaded its first ore on ship bound for China. During these five years, the company has raised more than Western Australia U.S. $ 2.5 billion, has acquired more than 1 billion tons of iron ore reserves, built mine and processing, 256 km of railways, as well as a port for large ore trial. Fortescue was profitable in its first full year of production, and the expansion of capacity. This case describes the early years of Fortescue, challenges companies face, and ways to meet these challenges. It also describes the challenges facing the company in October 2010, as it looks to the future. "Hide
by George Foster, David W. Hoyt Source: Stanford Graduate School of Business 26 pages. Publication Date: April 1, 2011. Prod. #: E384-PDF-ENG
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