EXPLORATION & DEVELOPMENT

FMG in PNG hydropower deal

A SUBSIDIARY of Fortescue Metals Group has signed an agreement with Papua New Guinea government-owned Kumul Consolidated Holdings to explore potential hydropower projects.

 FMG founder and chairman Andrew Forrest

FMG founder and chairman Andrew Forrest

Fortescue Future Industries and Kumul will investigate the feasibility of potential projects for development of PNG's hydropower resources to support green industrial operations largely for export to global...

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