From the AFR:
The iron ore industry is likely to face a Liberal-led parliamentary inquiry after Rio Tinto’s Australian managing director, Phil Edmands, mounted an 11th hour bid to kill a Senate inquiry proposed by an ally of Fortescue Metals Group chairman Andrew Forrest, Senator Nick Xenophon.
Senator Xenophon, who accused the big miners of conducting a “furious campaign” against his planned inquiry, on Thursday failed to get enough support for his own inquiry in the Senate. He is now negotiating with Treasurer Joe Hockey’s office over the establishment of a one-off committee to examine the issue with MPs from both houses of Parliament that would be headed by a Liberal MP.
