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The chief executive of Fortescue Metals Group, Andrew Forrest, says Australia is losing its global dominance in the iron ore sector because of poor infrastructure planning.
Mr Forrest's comments follow yesterday's speech by BHP Billiton CEO, Marius Kloppers, in which he said he is still not certain the global financial crisis is over.
FMG is challenging BHP Billiton and Rio Tinto for access to the big miners' rail lines in the Pilbara region of Western Australia.
Mr Forrest told shareholders at his company's annual general meeting that infrastructure must be used more efficiently.
"Mr Kloppers said yesterday that Australia's lost market share particularly to Brazil, that Brazil would overtake BHP and Rio Tinto collectively and Marius put it down to us not having the capital," he said.
"I can assure you the reason why we've lost that market share is because we haven't shared and we haven't optimized infrastructure".
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