Fortescue to meet with shareholders November 12, 2014 - 3:33AM The plunging price of iron ore will be a focus for shareholders of Fortescue Metals Group when they convene for their annual meeting with the miner's executives. The price of Australia's largest export is currently near five year lows, and analysts are cutting their forecasts for the price in the coming years. Fortescue is the world's fourth largest producer of iron ore, and has been increasing production. Chief executive Nev Power said in October he was still confident in the long term demand for iron ore out of China, and the wider Asian market.