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Flinders bid gets FIRB nod

AUSTRALIA'S Foreign Investment Review Board has given the green light to Russia-based Magnitogorsk Iron and Steel Works' proposed $A554 million cash bid for Pilbara iron ore developer Flinders Mines.

MiningNews.Net
Flinders bid gets FIRB nod

FIRB approval was a condition of the proposed scheme implementation agreement with Magnitogorsk for its 30c per share acquisition of Flinders. The Flinders board unanimously recommended that all Flinders...

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