Deals sealed for FMG ore

ANDREW Forrest’s Fortescue Metals Group had reportedly signed up another five Asian steel mills to buy iron ore from the Chichester Range project in Western Australia, with the deals meaning the company has now surpassed the two-thirds of production milestone it set for sales.

Deals sealed for FMG ore Deals sealed for FMG ore Deals sealed for FMG ore Deals sealed for FMG ore Deals sealed for FMG ore

Five undisclosed steel mills have “signed additional sales agreements” to purchase a total of five million tonnes per annum for 10 years from FMG at prices “set with reference to industry standards”

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