Iron Ore Prices Will `Drift Up,' Fortescue CEO Says

Iron Ore Prices Will `Drift Up,' Fortescue CEO Says Play

Aug. 20 (Bloomberg) -- Nev Power, chief executive officer of Fortescue Metals Group Ltd., talks about the company's full-year profit, the outlook for iron ore prices and possibility Fortescue may be a takeover target. Australia's third-biggest iron ore producer said net income increased 56 percent to a record as it raised production. Power talks with Rishaad Salamat on Bloomberg Television's "Asia Edge." (Source: Bloomberg)

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