20
Dec
14:17
FMG casts doubt on Vale blending joint venture
Australia’s Fortescue Metal’s Group (FMG) says that its discussions with Brazil’s Vale on a joint venture to blend iron ore for the Chinese market may be heading towards failure.
In a copy of a stock exchange statement sent to Kallanish the miner says that negotiations are continuing between the parties on an amicable and commercial basis. “… However, it is looking less likely that any transaction will be completed,” FMG says…
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Anonymous
Very good overview of the weekly steel market.
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