EXPLORATION & DEVELOPMENT

FMG out of trading halt, into 200Mt

FORTESCUE Metals Group today announced that it would be looking to expand its operations to some 200 million tonnes per annum and raise $US1 billion ($A1.19 billion) to fund further growth, after it came out of its two-day trading halt this morning.

MiningNews.Net
FMG out of trading halt, into 200Mt

Fortescue said it was examining ways to improve its project economics and position the company for further expansion, and that it would also be investigating strategies to begin distributing its iron ore...

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