CAPITAL MARKETS

FMG confirms Mongolian coal interest

FORTESCUE Metals Group has confirmed its interest in the Tavan Tolgoi coking and thermal coal project in Mongolia, but insists the focus remains on its iron ore expansion to 155 million tonnes per annum.

Kristie Batten
FMG confirms Mongolian coal interest

After previously refusing to comment, FMG confirmed it had made an expression of interest, joining a list which reportedly includes seasoned coal producers Peabody Energy, Xstrata, Vale and Arcelor Mittal....

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