Tuesday 18 August 2015

Otmane El Rhazi : Fortescue shares rise amid media speculation of Chinese deal

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Iron-ore miner Fortescue Metals saw a slight increase in its share price on Tuesday as media reports emerged that the miner was considering a A$2-billion deal over its Chichester hub, in the Pilbara region. It was reported that two State-owned Chinese entities were in separate talks with the iron-ore major.

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