Fortescue Metals
Fortescue Metals is an ASX 50 company that has defined about 4.5 billion tonnes of Resources of Iron Ore, including 1.625 billion tonnes of Reserves already delineated from less than 10 per cent of its 69,000 square kilometres of Pilbara tenements,
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China sovereign fund in talks with Fortescue
Fortescue Metals Group has confirmed that it has been holding discussions with a number of companies, including China's sovereign fund, China Investment Corp, about possibly taking a stake in the company.
Such a move would become the third possible Chinese investment in Australian mines in a matter of weeks, after Chinalco moved to buy 15 percent of a key Rio Tinto mine and China's Minmetals made a US$1.7m bid for Oz Minerals.
Other Fortescue Metals news
- Fortescue Metals and BC Iron JV receive additional $15 million from Henghou Industries
2010-02-03 - Fortescue jumps on news it may list in Shanghai
2009-05-12
