Billionaire Rinehart Builds Rails as Iron Ore Plunges

Billionaire Rinehart Builds Rails as Iron Ore Plunges

Carla Gottgens/Bloomberg

A conveyor belt used for transporting iron ore from Fortescue Metals Group's railway to the company's ship loading facility stands elevated across a strip of land owned by BHP Billiton Ltd. in Port Hedland, in the Pilbara region of Western Australia.