FMG confirms Simandou interest

FORTESCUE Metals Group has confirmed reports it is bidding for half of Guinea’s massive Simandou iron ore deposit.

FMG confirms Simandou interest FMG confirms Simandou interest FMG confirms Simandou interest FMG confirms Simandou interest FMG confirms Simandou interest

Simandou in Guinea is estimated to be one of the world's largest undeveloped iron ore deposit

Reuters reported on Friday that FMG and Guinea's biggest bauxite exporter SMB-Winning were the last two companies in the running for the rights to develop blocks 1 and 2 of Simandou.