FMG in China deal on magnetite project
Iron ore miner Fortescue Metals Group has taken another step towards development of its extensive magnetite deposits in the Pilbara, annuncing plans to transfer the assets into a Hong Kong company jointly owned by Chinese steel giant Baosteel.
The groups will consolidate their magnetite interests in the Glacier Valley and Northstar mining leases into FMG Iron Bridge Ltd.
I'd like to register please
8 free articles per month + business email alerts twice daily
us on +61 8 9288 2100 during WST office hours