18
Jun
01:00
FMG says it is receptive to foreign investors
Australia’s third largest iron ore miner FMG is receptive to investment from foreign companies, according to chairman Andrew Forrest. The comments come after reports that China’s Baosteel and CITIC are in talk to take a stake in the miner, Kallanish notes.
FMG has struggled with higher costs than its major rivals Rio Tinto and BHP Billiton but has so far managed to keep pace with falling prices to remain profitable. The company has relatively hig…
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Anonymous
Very good overview of the weekly steel market.
Anonymous