Fortescue Metals Group Ltd
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Tuesday, 24 February, 2004 - 21:00
Fortescue Metals Group Ltd
13-Feb-04
Has finalised a Memorandum of Understanding with Shanghai Baosteel Group Corporation for a long term sales commitment of 3 million tonnes per annum for 25 years. The Baosteel agreement brings FMG's tonnage under MOU long term sales agreements to almost 80% of initial production.
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