Fortescue Metals Group
(ASX:FMG) boss has hit out at critics who accuse the company of restricting third party access to its railways.
Nev Power says access to funding is the real culprit to project delays.
On the back of a serious slump in iron ore prices late last year, Mr Power is adamant that Fortescue’s cost cutting program has ensured it remains on track with existing projects.
Delays, he said, are due to smaller miners failing to secure the green light for funding.
Fortescue Metals Group last reported a $308 million net profit to December 31
st.
