FMG goes with Rio's iron price, no word on spin-off

FORTESCUE Metals Group is selling iron ore to customers at Rio Tinto’s contract prices but the miner is staying mum on media reports about a potential asset spin-off.

FMG goes with Rio's iron price, no word on spin-off FMG goes with Rio's iron price, no word on spin-off FMG goes with Rio's iron price, no word on spin-off FMG goes with Rio's iron price, no word on spin-off FMG goes with Rio's iron price, no word on spin-off

Yesterday afternoon the company announced it could not formally conclude its benchmark reference pricing for iron ore to its Chinese customer, Baosteel, until BHP had settled its pricing negotiations

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